GBPUSD is creating INVERSE HEAD & SHOULDER chart pattern which indicates that soon the price is going to be BULLISH. Moreover, the RSI also showing BULLISH DIVERGENCE which further gives us evidence about the potential Bullish Trend. So, we will open a BUY STOP position just above the NECKLINE and place stop loss at the most recent LH.
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.