Daily give confirmation of Double Top Patterns which inside there is another confirmation of Head and Shoulder Pattern. This shows that GBPUSD will go Short. There is two possibilities:
1. RED ARROW: GBPUSD can go down to 550 pips as I already gave a price range then this will go up.
2. BLUE ARROW: GBPUSD can go down further than RED ARROW to complete pattern of giant Head and Shoulder of Monthly Pattern.
Please check H4 for engulfing confirmation on the RED or BLUE arrow if you want to buy. For now, let's go SHORT POSITION. :)
1. RED ARROW: GBPUSD can go down to 550 pips as I already gave a price range then this will go up.
2. BLUE ARROW: GBPUSD can go down further than RED ARROW to complete pattern of giant Head and Shoulder of Monthly Pattern.
Please check H4 for engulfing confirmation on the RED or BLUE arrow if you want to buy. For now, let's go SHORT POSITION. :)