gbpusd H*S H8 LONG/SHORT sequence swing trade

🔸Let's review 8 hours chart for GBPUSD today. speculative buy/hold setup
for GU bulls, H*S setup in progress. Currently we triggered neckline of the
pattern structure, therefore expecting more upside/gains until we complete
the sequence and print RS at/near 2780/90.

🔸H&S structure is defined by LS/resistance at 2790, neckline at 2540/60,
head of the structure at 2850/75. currently we triggered neckline and
therefore expecting more gains/upside in GBPUSD, bulls maintain
mid-term advantage.

🔸Recommended strategy bulls: bulls should buy/hold dips target is
2790 +150 pips, bears wait for the price to max out / complete the
sequence at 2790 and short from overhead resistance, SL 40 pips
TP1 +100 pips TP2 +200 pips. swing trade setup, patience required.
good luck traders!

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