Get started
harshc0707

GBPUSD LONG Opportunity(Multi-timeframe)

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
harshc0707  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD invertedheadandshoulders multitimeframeanalysis LONG buy
3
0
trendanalysis harmonicpatterns chartpattern gbpusd invertedheadandshoulders multitimeframeanalysis long buy
From the monthly perspective, we can see how the market is testing the strong support level at around 1.3238

In the 4-hr time frame the price broke the trend line and got rejected upward after the retest

Here on the 1 hour, we see the formation of an inverted Head and Shoulder pattern after which it is expected to move upwards.
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.