GBPUSD| Price forming a Head and Shoulders Pattern
Please support this idea with a LIKE if you find it useful. I can see price is pushing up to form the right shoulder of a Head and Shoulder pattern after been in an extended uptrend.
I'll be waiting to see how price reacts to the zone marked for the possible right shoulder formation then I'll be looking to see signs of exhaustion on the H1 TF and candle stick formations that signal a possible move back down. When this happens, I'll be going short on this pair.
I'll be waiting to see how price reacts to the zone marked for the possible right shoulder formation then I'll be looking to see signs of exhaustion on the H1 TF and candle stick formations that signal a possible move back down. When this happens, I'll be going short on this pair.
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