GBPUSD - Potential Head & Shoulders Short
British Pound/U.S. DollarFXCM
Description
⋅ 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.
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