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Gabrielius101
Jul 2, 2020 5:35 PM

Head and Shoulders + ABCD pattern = Melting GBPUSD Short

British Pound/U.S. DollarFXCM

Description

Initial prediction was cancelled due to higher low being created however, this still has potential. Over the previous highs each high created had a Head and Shoulder pattern before shooting down Approx. 150+ pips. placing an entry at shown point with 20 pips breathing room should be all it needs. If it doesn't appear to be heading back up to form the other shoulder then wait for a break on the support and enter with tight stop loss for safety.
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