On GBPUSD we have the Head and Shoulder Pattern. I already mentioned this pattern on this pair in my past analysis.
Now the Price finally broke the Neckline and also retest it. Therefore we can expect a continuation of the drop .
Normally on a Head and Shoulder Pattern we can enter after the retest of the Neck Line. I will also show you in the next analysis how we can combine this with Supply Demand in order to catch the best entry for our drop .
My target is the daily .
Make sure to check out my h4 Supply Demand Analysis for a better Entry Possibility. This Analysis here should show you the bigger picture of GBPUSD .
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time