GBPUSD - Trend Reversal Pattern Formation
From a technical perspective, it seems like GBPUSD is under the formation of a Head & Shoulder pattern. However, we need to wait and see how the pair is behaving near the neckline while forming the head.
I'm expecting the head to be formed near 1.30000 to 1.30500 levels.
My view co-relates with EURUSD pair. I think the below will happen in these 2 pairs
EURUSD -- Doing a BOS ; GBPUSD -- Reaching the neckline
EURUSD -- Retracing in Daily Timeframe ; GBPUSD -- Forming the right shoulder
EURUSD -- Moving towards the target ; GBPUSD -- Moving towards the target
Good Luck with your trading plans!
I'm expecting the head to be formed near 1.30000 to 1.30500 levels.
My view co-relates with EURUSD pair. I think the below will happen in these 2 pairs
EURUSD -- Doing a BOS ; GBPUSD -- Reaching the neckline
EURUSD -- Retracing in Daily Timeframe ; GBPUSD -- Forming the right shoulder
EURUSD -- Moving towards the target ; GBPUSD -- Moving towards the target
Good Luck with your trading plans!
Catatan
The base seems to be formed at 1.30593. I'm expecting the price to push higher from this range in the coming trading days
Catatan
The head has formed clearly in the 1.30200 range. Going forward I'm expecting a push to the upside to the formation of the Right Shoulder in GBPUSD. Expecting a push towards 1.32500 range in GBPUSD
Order dibatalkan
This idea didn't quite go as per plan. The pattern became invalid
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.