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NDOBObanks

GBPUSD Head and Shoulders Pattern Breakout

Short
British Pound / U.S. Dollar (SAXO:GBPUSD)  
NDOBObanks Updated   
SAXO:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis head_and_shoulder gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade headandshouldersformation Trend Line Break breakouttrading keylevel
3
0
trendanalysis chartpattern waveanalysis head_and_shoulder gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade headandshouldersformation trendlinebreak breakouttrading keylevel
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
Trade closed: stop reached
Comment:
Pair still moving in intended direction 1 week later
Comment:
Pair is still down 1 month after the signal
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