Bullish Sequence - GU
GBP/USD made a great start to the week opening Higher than the Low made last week on Friday followed by a strong Bullish start to the week.
-This Bullish start to the week gives a HIGH possibility to the Inverted Head & Shoulders Pattern with price currently pushing up away from this low which would be he "Tip" of the "Right Shoulder".
With price breaking above 1.21779 this morning and now exhibiting some exhaustion at this Higher High, it has initiated my Trade Action Plan.
-BUY-
{ SL } 1.21639
{ ENTRY } 1.21770 - 1.21737
{ TP } 1.22325 - 1.22537
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
-This Bullish start to the week gives a HIGH possibility to the Inverted Head & Shoulders Pattern with price currently pushing up away from this low which would be he "Tip" of the "Right Shoulder".
With price breaking above 1.21779 this morning and now exhibiting some exhaustion at this Higher High, it has initiated my Trade Action Plan.
-BUY-
{ SL } 1.21639
{ ENTRY } 1.21770 - 1.21737
{ TP } 1.22325 - 1.22537
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
-BUY-
{ SL } 1.21600
{ ENTRY } 1.21900 - 1.21855
{ TP } 1.22325 - 1.22537