GBP/USD Broke daily support line, retested and then big confirmation candle on 19/06/2020 to indicate bearish movement. (Blue Line)
Neckline of head and shoulders formation also broken, retested and confirmed. (Red Line)
Now formed downtrend patterns on the smaller time frames (15 minutes).
Will look to sell this position and exit around 1.21000 on a 3:1 RR trade
Neckline of head and shoulders formation also broken, retested and confirmed. (Red Line)
Now formed downtrend patterns on the smaller time frames (15 minutes).
Will look to sell this position and exit around 1.21000 on a 3:1 RR trade