VasilyTrader

Trade of The Week | GBPUSD Trading đź’°

Long
OANDA:GBPUSD   British Pound / U.S. Dollar

Hey traders,

This week, we were watching carefully GBPUSD.
The price was approaching a key level, and we were waiting for a confirmation to buy.


Our confirmation was an inverted head and shoulders pattern on 1H time frame.
Long position was opened on a retest of a broken neckline.


After a retest, the price bounced quickly, producing a nice profit.

Perfect example of a trend-following trading in action.

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