GBPUSD Inverse Head & Shoulders Pattern!! Potential Long Entry!!

FX:GBPUSD   British Pound / U.S. Dollar
GPBUSD has formed an Inverse Head & Shoulders Reversal Pattern. Go long with SL below last swing low with targets around 1.1550 as Head & Shoulders breakout length. There is also Elliott Wave placed on the chart which shows Wave 1 or A was a 5 wave move and after a retracement of 50 to 61.8%, Wave 3 will be either 1.618% that is almost same targets as head & shoulders breakout or on conservative target an Equal Legs move for Wave C will be around 1.5285. A Good Risk:Reward ratio on going Long for this pair.

Note: This is just my analysis. Trade with your own analysis.

Happy Trading.!!
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