tomsabobiz
Short

GBPUSD short idea

FX:GBPUSD   British Pound / U.S. Dollar
At the moment I see a possible head & shoulders pattern, and I was a little early, but I took a short trade as well with a 1:1 RR. There are significant levels below 1.2160 and 1:2074 We could see some LS hunting there but this whole thing is tricky... We can also easily see a spike as a rejection of these price levels, to shoot back up towards 1.24 as well... Dangerous territory right now... Maybe i should have waited some more, but I believe we could see a fast dip here before it goes up again.

Let me know what you guys think. Cheers!
Comment: LS hunting = SL (Stop Loss) hunting LOL Sorry :D

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