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British Pound / U.S. Dollar
Long

completed head and shoulders pattern and oversold market

By VasilyTrader
Updated
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
AB=CDHead and ShouldersSupport and Resistance
VasilyTrader
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