joe-abdallah

confirmation on GBPUSD for a buy!

Long
FX:GBPUSD   British Pound / U.S. Dollar
In my last video, I talked about buying on weekly and daily timeframes: sellers started getting exhausted.
Now, on H4, inverse head and shoulder pattern is recognized, with a big candle close above it. The trend retraced to the neckline finally and rejected up from the golden Fib buy zone.
Before taking this trade, watch the previous analysis in the video.

Joe.
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.