Looking at a great setup on British Pound versus US dollar with candle pattern forming on the between Friday and Monday and drill down to the 4 hourly charts and we see a pattern forming. Both suggesting British pound is about to head lower versus US dollar .
Additionally we have divergence on charts with higher high in cash price which formed the head of the pattern but only forming a lower low on as supporting the price action declines.
Stops set just above the head level and targeting a move back down to sub 1.21 sets up a 3 to 1 risk to reward.
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