FX:GBPUSD   British Pound/U.S. Dollar
52 1 1
gbpusd             is currently trading @ 1.5537 and i saw a h&s bottom for the second time.

am buying the pair with stops @ 1.5400 - the low of the h&s - and my target would be @ around 1.5650-1.5700.

from that point i will decide up on the next movement.

i see three different possibilities for gbpusd             at the current time.

1. breaking the target area and moving up to around 1.5800

2. moving up to the target area and creating a 5th point then moving downward, then waiting for the h&S bottoms to break for a down movement

3. moving up to the target area then creating another low near the two h&S and completing a 5 movement correction.

the only trade i got right now is the buying with stop @ 1.5400
target reached, +175 pips
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out