A very clean H&S setup on the daily. With a break and close below the neckline shorts will be active with a TP just shy of 1500 pips. With the proper stop loss just above the right shoulder we have a very appetizing risk to reward.
Fundamentally this setup is perfectly in line with the strong GBP weakness that we've been seeing.
This trade will certainly take at least the the rest of 2018 to play out and for maximum profit taking we'll be adding all the way down as continuation patterns present themselves.
Fundamentally this setup is perfectly in line with the strong GBP weakness that we've been seeing.
This trade will certainly take at least the the rest of 2018 to play out and for maximum profit taking we'll be adding all the way down as continuation patterns present themselves.
Comment:
We've broken below the neckline. The trade is active!
Comment:
Trade running very nice, floating high profit.