Hey traders,
Even though last week was quite bullish for GBPUSD,
we still remain bearish biased on that.
Looking for shorting opportunities, I spotted a nice rising channel
and a completed head & shoulders pattern within its boundaries.
To short wisely I am looking for a breakout of 1.361 - 1.362 area (hourly candle close below)
that will signify a breakout of both h&s & channel.
Then the price will most likely drop to 1.355 structure.
In case if the price sets new high above the head, the setup will be invalid.
❤️Please, support this idea with like and comment!❤️
Note
Check my new idea on EURJPY: 
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.