IN GBP/USD Head and Shoulder Structure is forming and there is also a sign of distribution happened in this currency pairs.
We are already in Phase C and UPTAD is probably forming. It is not safe to place any investment here yet and more confluence is still needs to be confirmed. We are expecting for a breakout and retest. When the pullback happened it will give more probability to go short.
REMINDER: Always invest money that you can only afford to lose.
We are already in Phase C and UPTAD is probably forming. It is not safe to place any investment here yet and more confluence is still needs to be confirmed. We are expecting for a breakout and retest. When the pullback happened it will give more probability to go short.
REMINDER: Always invest money that you can only afford to lose.
Trade stängt: Stopp nått
SL: 1.15415
TP: 1.12615
Entry point is Order Block next entry point still waiting for the breakout and retest.