GBPUSD - potential downwards move for gbpusd
Hi all traders,
This is a trade analysis for gbpusd.
Please note that the trend is still showing as UP.
But it has reach an important level and now posing some sort of reversal pattern of H&S
The left shoulder and head has already been formed.
With USD possibly strength noted, we should be wary for this pair to continue downwards.
So take note of the right shoulder formation.
For now, i will only be looking for sell opportunity for gbpusd.
Any buy for GU will only take place if the head is broken.
Cheers and have fun trading the pips for this pair.
This is a trade analysis for gbpusd.
Please note that the trend is still showing as UP.
But it has reach an important level and now posing some sort of reversal pattern of H&S
The left shoulder and head has already been formed.
With USD possibly strength noted, we should be wary for this pair to continue downwards.
So take note of the right shoulder formation.
For now, i will only be looking for sell opportunity for gbpusd.
Any buy for GU will only take place if the head is broken.
Cheers and have fun trading the pips for this pair.
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