SighTTrader
Long

Long GBPUSD H&S TP hit, Reversal expected

FX:GBPUSD   British Pound / U.S. Dollar
337 2 8
GBPUSD             broke out of a channel on a head and shoulders pattern and it appears that, Head and shoulders pattern has been completed as measured move has been hit. Will be looking to Long on a confirmed reversal.
Thanks for the excellent chart, a bit new to this so which of the price point is the confirmed reversal? (is 1.305 the estimate buy point if it fails to breach below?) Thanks
Reply
SighTTrader epsion22
a confirmed reversal is usually based on reversal patterns, in this case based on candle patterns the confirmed reversal was a break and hold above 1.30886.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out