Classic chart pattern formed, these are my observations on the chart. Possibilities of short with good bear mood sentiment i look for swing short structure bias towards bearish as market unable to make new HH. breaking lower TL + neckline confirms bear jump thru the window.
please bear, don't wear parachute.
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Looks like GBPUSD forming Inverted HNS, and from Bearish perspective, its HNS.
Now, that is interesting....i wait the breakout to follow (confirmation)
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Bullish mode kicked in. Break upper trendline. earlier analysis suggest to follow break out direction.