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arocha.daniel3

GBP/USD possible opportunity to short with H4 head and shoulders

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
arocha.daniel3 Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns gu GBPUSD
4
0
trendanalysis chartpattern gu gbpusd
With the recent changes in USD interest rates we are seeing a strong USD so that means pairs like GBPUSD, EURUSD, and USDCHF are falling. right now the only nice setup I see for a possible short is in GU. We have a clear head and shoulders formation in the H4 chart, the head being rejected by a monthly strong resistance, and the price is testing the neckline right now. We have to wait and see how price reacts to that zone but I think it may break it. Otherwise, it could go up and we could take the long.

Looking forward to reading opinions :)
Comment:
It seems like it may have broken the support zone. I took a 1% risk sell, and in the post I meant that USDCHF is going up :) my mistake.
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