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JasonFosterII

GBPUSD August 9th-13th Setup part 2

British Pound / U.S. Dollar (OANDA:GBPUSD)  
JasonFosterII Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD Daily Charts Inverse Head and Shoulders trendcontinuation
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trendanalysis chartpattern indicator gbpusd daily inverseheadandshoulders trendcontinuation
4H had recent break of structure making higher high. 1H and 4H bollinger band squeeze. 4H has possible trend continuation pattern (Flag). Daily has possible inverse head & shoulder. Which means possible sell continuation to 1.37500-1.38000. If price continues down to level looking for reversal patterns and engulfing candles on smaller time frames to get entry on low of shoulder.
Trade active:
Broke out of band and trendline. Currently retesting. Expecting continuation to 1.37510 (right shoulder).

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JasonFosterII
GBPUSD August 9th-13th Setup
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