Get started
thetraveltrader

GBPUSD - Potential Head & Shoulders

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
thetraveltrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD GBP Forex forexsignals forextrading trading
6
0
trendanalysis chartpattern indicator gbpusd gbp forex forexsignals forextrading trading
Monitor price action this level to see if we have any rejections - in particular on the 15 minute and 1 Hour time frame.

There could be a nice short position pending if we see a nice rejection from this level (equal to the left shoulder) targeting the -27% and 50ema.

Alternatively if we break above this structure, then wait for a retest to go Long.



Instagram: @TheTravelTrader (www.instagram.com/thetraveltrader)

Twitter: @fx_ollie (twitter.com/fx_ollie)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.