Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
GBPUSD Short
British Pound / U.S. Dollar
GBPUSD Short
By ChrisSmithf0
Follow
Follow
Aug 5, 2022
0
Cheer
Cheer
Aug 5, 2022
The GBPUSD is making an intraday H&S pattern which is nearing completion.
Considering a short opportunity.
1. Entry - price to enter the 1.2185 - 1.2215 zone. Once there looking for selling pressure to enter.
2. Stop - 1.23 = any close of candle above this invalidates a reversal.
3. Target - Close of candle for the swing low around 1.1780
RR = 4+
Time interval , if it matches the uptrend from the swing low, would be 55 bars. This would play out over the next week , at a minimum.
Chart Patterns
Technical Indicators
Trend Analysis
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
.