FX_IDC:GBPCNH   BRITISH POUND / OFFSHORE CHINESE YUAN
previously went short on this and still am. have 2 positions in this trade at the moment. I was expecting an ABCD patters on the overall picture but realised the inner head and shoulder is also about to play out. looking at charts we see the inner right shoulder forming and also lining up with the left shoulder on supply zones confluent with 61.8% levels where the left shoulder meets. targets for this is -127% lining up with the over all neck line of the weekly left shoulder.... also on the over all weekly price has had a break out and fib sequence to fall well on 61.8% retracement levels.
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