GBPUSD Head & Shoulders Opportunity
Hi Traders!
There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart.
Here are the details:
The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline.
The market has also broken below the 20 EMA, and a close below the 20 EMA will be an added confirmation signal.
Preferred Direction: Sell
Entry Level:1.27504
Stop Level:1.27806
Target Level: 1.26900
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart.
Here are the details:
The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline.
The market has also broken below the 20 EMA, and a close below the 20 EMA will be an added confirmation signal.
Preferred Direction: Sell
Entry Level:1.27504
Stop Level:1.27806
Target Level: 1.26900
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Trade stängt: målet nått