GBPUSD - possible bullish H&S pattern being created - 12 to 1
hello all. DuncanForex here with another trade idea
I am bullish GBP and on the weekly chart last week it printed a nice bullish engulfing candle.
This lined up with a weakening dollar is the ideal pair to trade.
I think on the 4 hour chart - we are just creating the right shoulder of a head and shoulder pattern.
If it gets to the 61.8% retrace and there is a bullish candle printed in the area - then I am in with multiple entries looking to ride it up to the top. and exit at stages on the way.
Price is currently sat at a strong support level, however if it breaks through, I do expect it to bounce here and ultimately go long
thanks for looking
Duncan
I am bullish GBP and on the weekly chart last week it printed a nice bullish engulfing candle.
This lined up with a weakening dollar is the ideal pair to trade.
I think on the 4 hour chart - we are just creating the right shoulder of a head and shoulder pattern.
If it gets to the 61.8% retrace and there is a bullish candle printed in the area - then I am in with multiple entries looking to ride it up to the top. and exit at stages on the way.
Price is currently sat at a strong support level, however if it breaks through, I do expect it to bounce here and ultimately go long
thanks for looking
Duncan
Dagangan aktif
HI all - trades have just activated at the 61.8% retrace at 1.2615
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.