GBPUSD H1 Inverted Head and Shoulder Pattern??
Dear Investors,
I am currently observing price action on the H1 Timeframe and I Identified an Inverted Head & Shoulder Pattern
An Inverted Head and Shoulder Pattern is usually a bullish price action Pattern but occasionally it could turn into a bearish continuation Pattern
I have also Identified a neckline structure, which is a key level that determines the probable direction of Price
Therefore, I'll be observing price action for 2 possible scenarios;
1. If price breaks above this neckline structure, then on the retest, I will be looking for long opportunities
2. If price breaks below this neckline structure, then on the retest, I will be looking for bearish opportunities
Keep I'm mind that anything can happen 😌 so stay flexible with expectations and fixed on your Rules.
I am currently observing price action on the H1 Timeframe and I Identified an Inverted Head & Shoulder Pattern
An Inverted Head and Shoulder Pattern is usually a bullish price action Pattern but occasionally it could turn into a bearish continuation Pattern
I have also Identified a neckline structure, which is a key level that determines the probable direction of Price
Therefore, I'll be observing price action for 2 possible scenarios;
1. If price breaks above this neckline structure, then on the retest, I will be looking for long opportunities
2. If price breaks below this neckline structure, then on the retest, I will be looking for bearish opportunities
Keep I'm mind that anything can happen 😌 so stay flexible with expectations and fixed on your Rules.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.