Get started
Debjit9232

Sell setup on confirmation of head and shoulder pattern

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Debjit9232 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Technical Indicators Trend Analysis
3
1
chartpattern indicator trendanalysis
As shown in the 15min timeframe, we saw a bullish CCI divergence(marked by 1 and 2) which now is leading to the formation of head and shoulder pattern, almost formed, the risght shoulder is left, once completed we will see a confirmed sell setup, till 1.393, until further rise.
Thanks for reading
Comment:
Head and shoulder confirmed, going under..
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.