4xbullion
Long

LONG GBPUSD @ 1.6077

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
263 5 0
In a classic inverted head and shoulder we should have point B higher than point A and we can trade the break of neckline. However, I like to jump the gun with high probability trades. So looking for a long at CMP ie. 1.6077 for targets at 1.6490

Trade Type: Inverted Head & Shoulder
Price: 1.6077
Tgt: 1.6490
Stop: 1.5869 (below previous lows)
R/R Ratio : 2
Yes I got the entry at 1.5950 thanks targeting 1.64 and looking good so far. Helped by equity sell off!
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Yes thanks. Have to wait for next week! regards
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Did you get your entry??
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Definitely @pezq. It might go as low as 1.5950 to complete the symmetry with the other shoulder and it also is 76.4 retrace.
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I tend to agree and I have been long since 1.5880 was hit. However I am concerned about the unresolved level at 1.60. Could that be hit first?
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