GBPUSD have been ascending to the upside in 4H time frame taking the resent high as liquidity in to the supply zone (sell zone), regretless, the supply zone still holds since the daily time frame is bearish i am expecting a shift to the down side to take out the recent low at 1.27037 or the next at 1.26866 my expected target is 1.26624
Trade active
Anticipating a head and shoulder pattern, since GBPUSD has taking out the recent low at 1.27037 i see that as a validation to the shoulder to further push to the downside
Trade closed: target reached
expected target hits 1.26624
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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.