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fvideira

GBPUSD watching potential reversal of lower TF trend

British Pound / U.S. Dollar (FX:GBPUSD)  
fvideira  
FX:GBPUSD   British Pound / U.S. Dollar
Head and Shoulders Fibonacci
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headandshoulders fibonacci
Daily chart shows morning star candlestick pattern off the 1.26600 price level. Digging deeper into the lower TF, we can see an inverse H&S pattern coming into play. We will want to see pings off 1.26600 and/or either 2.382 or 2.618, and a break of the last lower high would indicate trend could be changing.
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