Bearish Reversal Pattern on GBPUSD
Simple price action and technical analysis.
A Head and Shoulder reversal pattern is about to form. Possible scenarios:
1, IF the price is retesting the 1,22040 level, then a buy trade is first in place.
2, If price brakes under this level, than a retest of 1,2040 and a sell trade will be possible, as for the H&S pattern.
Don't stumble trading. Trade Safe!
A Head and Shoulder reversal pattern is about to form. Possible scenarios:
1, IF the price is retesting the 1,22040 level, then a buy trade is first in place.
2, If price brakes under this level, than a retest of 1,2040 and a sell trade will be possible, as for the H&S pattern.
Don't stumble trading. Trade Safe!