GBPUSD [SHORT] H&S Forming

Looks like a head and shoulders could form here. My entry zone is between the aqua and orange baseline. Should look to see a 400pip drop if it plays out.
Trade will not be active unless the prices closes in the entry zone.

The fib level further reinforces a resistance for the second shoulder to form.

Kommentera:

remember this isn't a head and shoulders until it breaks the neckline.

We are looking for a clear candle closure on the 4hr chart in the pink box before I would consider this an active trade.

Order avbruten:

Didn't come to anything after some interesting movement from GBP earlier today