H&S pattern paved way to the bear-Lower Trendline support ahead
GBPUSD
Because of the strong dollar the cable has felled to the one week low while i am typing this analysis. As it faces major rejection around 1.37400 level and the upper side of the trend line was also acting as barrier for the bullish run and we can see a Head and shoulder pattern around 1.37400 level we can expect further downside momentum towards the lower side of the trend line. And in volume profile analysis
point of control will act as support for the bull. If the lower side of the trednline was broken then we can expect further downside fall towards 1.35000 . We can open suitable buy limit around 1.35800 and the swing target would be 1.37400 and stop lose ay place below 1.35300
Because of the strong dollar the cable has felled to the one week low while i am typing this analysis. As it faces major rejection around 1.37400 level and the upper side of the trend line was also acting as barrier for the bullish run and we can see a Head and shoulder pattern around 1.37400 level we can expect further downside momentum towards the lower side of the trend line. And in volume profile analysis
point of control will act as support for the bull. If the lower side of the trednline was broken then we can expect further downside fall towards 1.35000 . We can open suitable buy limit around 1.35800 and the swing target would be 1.37400 and stop lose ay place below 1.35300
Order cancelled
