FXDAH
Short

GBPUSD daily possible head and shoulders

FX:GBPUSD   British Pound / U.S. Dollar
Either head and shoulders /triple top seems to be forming on the daily timeframe on GBPUSD indicating that a return to March levels could be on the horizon. This has rebounded since the March lows but much too quickly for me liking and I expect a retest of the 1.15 level some time soon. This is a market struggling really for direction therefore I expect that once we do get a break below then this move will be impulsive.

Comments

230 pips 💪 I am taking my ball and going home with this one. Both positions closed
Reply
140 pip drop (TP1 closed +120 pips) but a little rally on Friday negating this, analysis still in play though for TP2 position, stops moved to BE.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out