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?
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-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.