SighTTrader
Long

Long GBPUSD H&S TP hit, Reversal expected

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
336 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
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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.
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