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VasilyTrader
Feb 15, 2019 10:41 AM

completed head and shoulders pattern and oversold market Long

British Pound/U.S. DollarFXCM

Description



hey guys,

we have a great buying opportunity on pound dollar pair.
oh a 4h chart we see a completed bullish abcd pattern.
also, looking left we see that the market is approaching a decent level of structure right now.


formation of a h&s pattern leaves us clues that with high probability we will see a pullback.

targets are based on structure.

stop below head.

good luck!

Comment

test of the market support and bounce

Comment

close to initial target

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hit the initial target

Comment

Market is going higher

Trade closed: target reached

Comments
LiLoPro
Very nice, thank you!
VasilyTrader
@LiLoPro, thank you
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