andrew.berg
Short

GBP/USD head&shoulders pattern

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
This pair weakened recently, bigger H&S developped which resolved to downside with strong follow through.
Daily chart is bullish above all key moving averages, but on my intermidiate timeframe I identified some weakness and want to make quick trade.
Trigger entry short: 1.68665
Stop above recent swing high: 1.68750
Target is bigger trend line which could be our next buyable area.
Nice Idea Andrew good job :)
Reply
Good Chart! The addition of 60ma (which currently runs almost precisely along your drawn trendline) fully supports your target zone and buy area :0)
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