GBPUSD H1 Inverted Head and Shoulder Pattern??
Dear Investors,
I am currently observing price action on the H1 Timeframe and I Identified an Inverted Head & Shoulder Pattern
An Inverted Head and Shoulder Pattern is usually a bullish price action Pattern but occasionally it could turn into a bearish continuation Pattern
I have also Identified a neckline structure, which is a key level that determines the probable direction of Price
Therefore, I'll be observing price action for 2 possible scenarios;
1. If price breaks above this neckline structure, then on the retest, I will be looking for long opportunities
2. If price breaks below this neckline structure, then on the retest, I will be looking for bearish opportunities
Keep I'm mind that anything can happen 😌 so stay flexible with expectations and fixed on your Rules.
I am currently observing price action on the H1 Timeframe and I Identified an Inverted Head & Shoulder Pattern
An Inverted Head and Shoulder Pattern is usually a bullish price action Pattern but occasionally it could turn into a bearish continuation Pattern
I have also Identified a neckline structure, which is a key level that determines the probable direction of Price
Therefore, I'll be observing price action for 2 possible scenarios;
1. If price breaks above this neckline structure, then on the retest, I will be looking for long opportunities
2. If price breaks below this neckline structure, then on the retest, I will be looking for bearish opportunities
Keep I'm mind that anything can happen 😌 so stay flexible with expectations and fixed on your Rules.
