morpheus747
Short

H&S in gbpusd pair

FX:GBPUSD   British Pound/U.S. Dollar
408 3 2
if i'm not very very wrong we can see a good H&S formation in GBPUSD             pair. I'm a little afraid about the USD and all that thinks about US gobernament close but. Now is open so USD probably will rise and put gbpusd             pair in a Short position.

we need a "confirmation" but is a good idea stay in the line checking how strong is the last 1.61500-600 resistance.
If that resistance "works" we will have a great probability to see that magic H&S figure that we love so much.

Good Hunting traders.
One can identify H&S after reversal and actually forming a right shoulder. May be easily something like this
GBPUSD
. However am not insisting on my interpretation. Simply saying that it is early to call H&S
Reply
One can identify H&S after reversal and actually forming a right shoulder. May be easily something like this
GBPUSD
. However am not insisting on my interpretation. Simply saying that it is early to call H&S
Reply
yes..i am afraid too for usd, but what about taper? i'm not so sure about tapering and usd rise.. i prefer no position and wait. ciao!
Reply
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