GBPUSD Short

Aggiornato
Expecting GBP to fail the current resistance level with a head and shoulders, at a retest of the rising wedge support level. This move could set up a possible cup and handle entry for a second test of the 1.256 level. This lines up well with what would be the .50 retracement level.

Happy Trading.
Trade attivo
Head and shoulders played out as expected. second peak did not reach as high as i planned. Good place for entry would have been break of neckline. looking to exit trade just before the .50 retracement.
Trade chiuso: obiettivo raggiunto
Target Reached.
Chart PatternsForexGBPGBPUSDgbpusdlongTechnical IndicatorsTrend Analysis

Let the algo show you its hand.
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Declinazione di responsabilità