Hi,
We have on the GBP/USD chart a perfect short term trade. The trend is clearly bearish short/mid term and with each minor support being broken and retested we have a great chance to enter short at the new breakout.
Although I never seem to trade the classic H&S pattern, its evident that its formed on the 4H, alongside the trend, S/R.
Entry- 1.24535
Stop loss- 1.25059 (Above right shoulder)
Target- 1.23504 (Next support)
*I have now entered*
We have on the GBP/USD chart a perfect short term trade. The trend is clearly bearish short/mid term and with each minor support being broken and retested we have a great chance to enter short at the new breakout.
Although I never seem to trade the classic H&S pattern, its evident that its formed on the 4H, alongside the trend, S/R.
Entry- 1.24535
Stop loss- 1.25059 (Above right shoulder)
Target- 1.23504 (Next support)
*I have now entered*