blackjack2002jp

GBPUSD maybe uptrens via reverse H&S

FX:GBPUSD   British Pound / U.S. Dollar
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1
GBPUSD ,for a long time, was in downtrend. But as shown in a weekly chart,I think this pair is going to
change its trend from down to up by forming classical reverse H&S . The latest chief minimum value(right shoulder)1.50 is almost the same as left shoulder, and is located about 62.8% of 1.46-1.58.
After one more down to 1.50 and forming W bottom, this pair will uptrend.

Comments

don't say that dear we are all in sell position in few days :(
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I want to disagree with you ;)
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blackjack2002jp moorekapital
thank you for your commnet. Now, I am also selling GBPUSD. But, at 1.05, I want to buy.
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