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glennmercer glennmercer PRO GBPUSD, M, Short ,
GBPUSD: Cable Monthly H&S - Wait for Bounce
166 0 10
GBPUSD, M Short
Cable Monthly H&S - Wait for Bounce

There is a clear head and shoulders pattern complete on the monthly chart for cable. Instead of shorting the pair immediately, I'd rather sell it from the 1.6 area to create a higher R/R and minimize risk. If we see a monthly pinbar for August I will be buying the pair up to this level on the 1-4 hour TF. There's an overage of pessimism surrounding the GBP at ...

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