British Pound / U.S. Dollar

Long

Updated

completed head and shoulders pattern and oversold market

snapshot

hey guys,

we have a great buying opportunity on pound dollar pair.
oh a 4h chart we see a completed bullish abcd pattern.
also, looking left we see that the market is approaching a decent level of structure right now.

snapshot

formation of a h&s pattern leaves us clues that with high probability we will see a pullback.

targets are based on structure.

stop below head.

good luck!

Note

test of the market support and bounce

Note

close to initial target

Note

hit the initial target

Note

Market is going higher

Trade closed: target reached

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