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Pound Inggris / Dollar AS
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GBPUSD: Daily IHNS Forming on RS of Monthly IHNS

Oleh RizeSenpai
Several weeks ago an Inverted Head and Shoulders was indentified on the Monthly Chart of GBPUSD, The Monthly Candle was forming a Potential Right Shoulder with Hidden Bullish Divergence and on the Daily we did get a decent move up; However, it's recently made a retrace back down on the Daily and may potentially be forming a smaller Daily IHNS almost Mirroring the Monthly Pattern which if plays out correctly will propel price towards the Monthly IHNS Validation Line up near $1.42.
Chart PatternsHarmonic PatternsihnsinvertedheadandshoulderspotentialrightshouldersecondaryentryTrend Analysis
RizeSenpai
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