Malika_Analysis

GBPUSD LOOKING GOOD FOR BUYERS

Long
FX:GBPUSD   British Pound / U.S. Dollar
We have seen this pair show some great bearish momentum. We can see price reached some support and moved bullish creating what we refer to in classical technical terms as an inverse head and shoulders pattern. Price pulled back 50% where i have plotted the grey line and from here we may see a continuation of the bullish move.

Grey line - entry
Red line - stop loss
Green line - Take profit

Hit that follow button for more analysis and education :)
Trade active
Trade closed manually: Stop loss at break even, trade closed at break even.

Comments

Liking your analysis. Consistent and clear.
Reply
@Farhad-91, Thank you! Much appreciated.
Reply