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British Pound / U.S. Dollar
Short
Updated

GBPUSD Head and Shoulders Pattern Breakout

178
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
Trade closed: stop reached
Note
Pair still moving in intended direction 1 week later
Note
Pair is still down 1 month after the signal
NDOBObanks
breakouttradingChart Patternsgbpusdanalysisgbpusdshortgbpusdsignalgbpusdtradehead_and_shoulderheadandshouldersformationkeylevelTrend AnalysisTrend Line BreakWave Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
breakouttradingChart Patternsgbpusdanalysisgbpusdshortgbpusdsignalgbpusdtradehead_and_shoulderheadandshouldersformationkeylevelTrend AnalysisTrend Line BreakWave Analysis
NDOBObanks

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.