Get started
jahanzaibbukhari

GBP -USD - Bearish on daily timeframe

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
jahanzaibbukhari  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
2
3
trendanalysis harmonicpatterns chartpattern
GBP -USD forms a bearish head and shoulder pattern after bearish divergence.

I can clearly see that it will goes downward. Neckline is also broken and can expect further downward.

Key levels are defined with Entry, SL and TP1 and TP2 with the maximum forecasted projection.

Enjoy short setup on daily timeframe and look for reversals on shorter timeframe..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.