VladimirRibakov
Long

GBPUSD Head and shoulders

FX:GBPUSD   British Pound/U.S. Dollar
I would like to try and trade this head and shoulders in GBPUSD             by dropping to the H1 chart and looking for the price to reach the buy zone as marked on the chart. We can get a great risk:reward here as final target could be close to 1:6 or 7 maybe even higher, depending on where exactly the entry could come if we see the price pushing to the zone.

Look for false breaks and divergence once the price is inside the buy zone. Protect the trend line and/or the closest support zone .
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out