FX:GBPUSD   British Pound / U.S. Dollar
Looks like a decent inverse H&S in the making here. The size of the H&S as we can see on the left is almost perfect. But when zooming in, we can see the shape is not really great. So i would be a bit careful with this one. I would like to see the right shoulder getting a bit bigger in time, so far it's too small. If we see that happen and then break up, i will very likely wait for a successful pullback before getting in.

Normally i don't mind giving it a shot earlier with an H&S, but this one is not convincing on the lower time frame.


Previous analysis:

Want to support me? My affiliates:

partner.bybit.com/b/botje12

onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus

www.kucoin.com/r/af/rMQN2A5
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.