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LupaCapital

GBP USD Head and shoulders

Short
Livre sterling / Dollar américain (FX:GBPUSD)  
LupaCapital Mis à jour   
FX:GBPUSD   Livre sterling / Dollar américain
Head and Shoulders Supply and Demand rejection orderblock GBP USD GBPUSD DJ FXCM Index pound
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headandshoulders supplyanddemand rejection orderblock gbp usd gbpusd usdollar pound
On the daily we hit the daily supply of orders to short. This morning we saw an impulse and rejection wick.
The daily has formed a big rejection wick.

Looking to the downside
Swing trade target 1 = 1.22
Target long term will look to be 1.15.. however short term target [ supply is strong and will have a retest zone around 1.246 we can see however, GBP is overall weak.

For this have a wider stop and will extend to 1.2520

Good luck and enjoy the swing on this one.

Thanks Lupa.
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