GBP/USD Head & Shoulders Breakdown – Bearish Trade Setup Alert

Pattern Breakdown:

Left Shoulder:
* Formed around April 15
* Medium-high peak
* Indicates early resistance

Head:
* Tallest peak around April 16
* Price exhaustion sign

Right Shoulder:
* Lower high formed after the head
* Matches the left shoulder
* Lower momentum from bulls

Neckline (Support):
* Horizontal blue zone
* Price has broken below
* Bearish confirmation

Trade Setup:

Entry Point:
* 🔽 1.32349
* Just below the neckline for confirmation

Stop Loss:
* ⛔ 1.32532
* Above right shoulder to limit risk

Target Point:
* 🎯 1.31200
* Based on height of the pattern
* Great Risk-to-Reward Ratio.

Indicators:

EMA 7 (Black Line)
* 📉 Current Price below EMA
* Acting as dynamic resistance.

What to Watch:

🔍 Look for strong bearish candle close below neckline

✅ Re-test of neckline as resistance can be ideal for entry

⏳ Wait for momentum confirmation if not entered yet.