TradingView
TheTradersAvenue
Jul 26, 2022 1:27 PM

GBPUSD > Head and Shoulders, Waiting for A Strong Breakout!Β Long

British Pound/U.S. DollarFXCM

Description

β‹…
Analysis of #GBPUSD


The GBPUSD formed a bullish head and shoulders pattern, as you can see traders tried to push the market to break the neckline but failed to do so.

we can still expect the market to break the neckline, but it needs a fundamental reason, good news from the UK, or the FED tomorrow.

if we break the neckline resistance we can expect the move to continue up to test the next resistance level, that's why I will look for trend continuation entry.




________________________________________
πŸ’­ | Comment your thoughts below, I always answer.
πŸ“₯ | Feel free to message me if you have any questions.


Thanks for your continued support!

Trade closed: target reached

β‹…
200 pips, congrats
Comments
AtlasTrades
β‹…
Really like your GBP/USD chart, I also have the same opinion
FieryTrading
β‹…
Very interestingπŸ”₯
tjnoemia05
β‹…
thanks brother i really appreciate this setup please keep it coming
FOREXN1
β‹…
Interesting view here , we are short. Will see :)
katariashivam95
β‹…
Great Work. appreciate
DeGRAM
β‹…
Thank you for sharing your analysis.
UnknownUnicorn15614419
β‹…
Great work
Rockqet
β‹…
Fantastic work! We have the same bullish bias for GBPUSD. Do checkout our analysis at
Solldy
β‹…
Fantastic post, very well written. Checked the asset on all the indicators that are important to me, and they are also in favor of the idea. Have a good trade!
VasilyTrader
β‹…
Cheers, bro!
More