GBPUSD | Possible Head & Shoulders
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We have a Head & Shoulders forming. If there is a confirmed breakout of Ichi Cloud we can continue forming the Right Shoulder. So short position can be initiated.
If price breaks the Support of the Formation then pattern will be confirmed and we can also initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
We have a Head & Shoulders forming. If there is a confirmed breakout of Ichi Cloud we can continue forming the Right Shoulder. So short position can be initiated.
If price breaks the Support of the Formation then pattern will be confirmed and we can also initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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