LONG GBPUSD @ 1.6077

FX:GBPUSD   British Pound / U.S. Dollar
263 5
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!
Yes thanks. Have to wait for next week! regards
Did you get your entry??
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.
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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