Possible head and shoulders pattern forming on the GPBUSD using the 4hr chart.
Im waiting for a candle to enter the 'termination zone'. However, it cannot touch the top (this would discount the pattern as a head n shoulders, and could signal trend continuation or a double top).
We also see these major levels of support that backs up my idea.
Once these two key rules have been met, await a signal- this could be a red candle. *I DO NOT CLAIM TO BE AN EXPERT. TRADE AT YOUR OWN RISK
Id love to hear your thoughts
Risk:Reward 1:1
Im waiting for a candle to enter the 'termination zone'. However, it cannot touch the top (this would discount the pattern as a head n shoulders, and could signal trend continuation or a double top).
We also see these major levels of support that backs up my idea.
Once these two key rules have been met, await a signal- this could be a red candle. *I DO NOT CLAIM TO BE AN EXPERT. TRADE AT YOUR OWN RISK
Id love to hear your thoughts
Risk:Reward 1:1
Trade closed: target reached