Get started
TradingBullAI

Massive Head and Shoulders Pattern in Play

Short
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
TradingBullAI  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis brexit
3
0
chartpattern trendanalysis brexit
It was at least one year ago I first mentioned this massive head and shoulders pattern in GBPUSD, and it continues to suggest that GBPUSD is heading to much lower levels. In the short-term, GBPUSD is now near the 2016 low and my target, but a break to the 2016 low could send it racing towards the 1985 low of 1.05.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.