Mikkelfo

Last GU short before SHS

Short
FX:GBPUSD   British Pound / U.S. Dollar
GU have been forming a SHS formation lately and it planning to do the last move, as an AB=CD for the completed SHS formation at 1.405. Great RR trade (though I posted this a bit late).

Our pullback went straight to 0.5 fib and prior resistance, as well as lining up our AB=CD move, so looks really bearish
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.