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.
Comments
Fomenka
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One can identify H&S after reversal and actually forming a right shoulder. May be easily something like this tradingview.com/v/KBoSG5O5/. However am not insisting on my interpretation. Simply saying that it is early to call H&S
Fomenka
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One can identify H&S after reversal and actually forming a right shoulder. May be easily something like this tradingview.com/v/KBoSG5O5/. However am not insisting on my interpretation. Simply saying that it is early to call H&S
williamfossati
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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!