GBPUSD pt. 1
Updated
In the morning (in my country) I posted the H&S idea, which went really well and pattern for me is now complete.
To find out what will/can happen next I looked also on USD index chart.
So what I'm seeing now.
This H&S up move, right now looks like a corective wave, which is strugling to break past fibo 0,236 level. I entered sell order with thight SL.
For now I expect price to test bottom black line of the falling wedge, that is the idea for whole week.
I'll update this idea, just like all the other.
Good luck.
P.s. It looks pretty much the same on EU chart.
To find out what will/can happen next I looked also on USD index chart.
So what I'm seeing now.
This H&S up move, right now looks like a corective wave, which is strugling to break past fibo 0,236 level. I entered sell order with thight SL.
For now I expect price to test bottom black line of the falling wedge, that is the idea for whole week.
I'll update this idea, just like all the other.
Good luck.
P.s. It looks pretty much the same on EU chart.
Comment
For now this looks highly possible, cause we got another touch of yesterdays high, which for now was rejected.Trade closed: target reached
Price still can go down to fib 1,272 and touch that black trendine.
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