In this video update I explain how the waves can be used with the inverted head and shoulders pattern. We are seeing all the right waves play out which indicate further upside. Please LIKE and FOLLOW to get notification of updates and future posts.
At the end of the trade week 10/4 We can see GBP/USD approaching and breaking above a key level of resistance with strong bullish sentiment. After a consolidation and breakout at a key level of weekly/daily support GBP/USD looks like a promising buy set up and and a textbook inverted head and shoulders. Note: We trade reactively to the market with actions...
1. We focus on price action, levels and probabilities. News, drama, and other non order flow related information carries little weight in our decision making process. I have been explaining that the probability of this overall location favors bullish reversals which is why we did not exit our swing trade long in the face of bearish order flow (see 7275 to 5464...