possible inverse head and shoulders GBPAUD

This inverse could create a very large move. I normally do not anticipate these patterns and let them play out before hopping in but i think I may take a light position here with a stop under the previous low. I like the bull move we had today to get things started. Also for those watching always be careful of the neck line rejection, people always enter to early on the neckline breaks, be patient and let the price come back and retest

Kommentera:

Its gone down a little bit but to me the daily is looking pretty bullish, we should at least get a test around the neckline area.