GBPUSD - on radar
If cable will follow the lines, it would plot nice H&S pattern. There are some "arguments" for this, as shown on chart. We'll see how it will open on Monday and which path it will take. It can also rise to 1.28 before. Close on daily above/near 1.28 will invalidate the pattern and then I'll be looking for pullback to red area before continuation to upside.
Daily view:
Weekly view:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Daily view:
Weekly view:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Note
"Yo, how low can you go?"Also looking good. Let's see if, how, and how low will it go and then look for trade setup.
Disclaimer
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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.