GBP/USD- 4 Hour overview
Hello everybody!
-On a 4-hour time frame, we can see that the price formed a very nice head and shoulders pattern.
-Head and shoulders pattern is a reversal pattern so and it is a sign that the price may change its direction into a bearish direction.
-On a daily base GBP and USD are on a similar level and on a 4-hour base, GBP is is just a little bit stronger than USD.
-If GBP remains stronger than USD then we can expect bearish movement and if USD gains some power and then becomes stronger than GBP then we may expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price formed a very nice head and shoulders pattern.
-Head and shoulders pattern is a reversal pattern so and it is a sign that the price may change its direction into a bearish direction.
-On a daily base GBP and USD are on a similar level and on a 4-hour base, GBP is is just a little bit stronger than USD.
-If GBP remains stronger than USD then we can expect bearish movement and if USD gains some power and then becomes stronger than GBP then we may expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.