GBPUSD Buy /Chart Pattern/Price Action/

Long

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

Trend Analysis Head and Shoulders

trendanalysis headandshoulders

Inverted Head&Shoulder on the Hourly Time frame, the price closed above the neckline.

Comment:

I moved the stop loss to the entry point.

Comment:

I think that the price will hit the target. The right shoulder is higher and smaller than the left shoulder, which gives strength to the pattern.

Comment:

The Price Hit the stop loss, the trade is breakeven.

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