tntsunrise
Long

GBPUSD Potential Head and Shoulder Pattern

FX:GBPUSD   British Pound / U.S. Dollar
14215 views
242
14215 35
GBPUSD Potential Head and Shoulder Pattern

now price is likely to form a potential right shoulder

Look left there are important support structure as well

Therefore we can consider to BUY GBPUSD Now
TP1: 1.2750
TP2: 1.3000
TP3: After take partial profit and move SL to B.E,
you can hold this risk free trade to enjoy long term bullish trend .
Risk for this trade: 2% of your capital (Important)
Comment:
First Trade Hit SL on NFP
Trade active: Re-open 2nd trade now based on the Pin bar
Trade closed: stop reached:
Comment: HIT SL yesterday, and trade was closed.
now gbpusd is consolidating under 1.2477
,no reversal sign hsowned yet.
Will update again if there is new trading opportunity.
Trade active:
Comment: Bought at 1.2460
Sl 1.2440
TP1: 1.25
TP2: 1.2750
TP3: 1.30
Comment:
Comment:
Comment: NICE RALLY
Comment:
Break New High
Comment:
Congrats for our long from 1.2460
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This is why we allays must wait for confirmation.
Reply
Just to add correction to the information submitted previously - In error - Close Bar for the GbpUsd Rate was in fact 1.2401 Price has found this as support level - which brings us to the main point finding the Reversal Bar Level which should have been placed at 1.2189 - 241% percent from the current swing high phase at 1.2518 - We are now at the Reversal Bar at 1.2183 so this should indicate a charge in Price Direction towards uptrend mode - target set at high 1.3696 - Near term resistance can be seen at 1.2973 - a return to support level at 1.2504 - which will then set the remaining trend into play towards my high level target at 1.3696 at the Close Bar.
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Gbp up and down .hard to follow a trends now
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Ill buy you a beer next time im in Singapore Its my favorite city
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great trade! Leave us a like aswell mate :)
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Where is S/L? Below 1.2440?
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zpetrov NikM75
@NikM75, SL was below the pin bar and it's been hit. It's just more convenient for tnt to forget to update his losses
+1 Reply
@NikM75, 1.2440 for the latest trade
Reply
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