GBP/USD- 4 Hour overview
Hello everybody!
-On a 4-hour time frame, we can see that the price formed a very nice head and shoulders pattern.
-Head and shoulders pattern is a reversal pattern so and it is a sign that the price may change its direction into a bearish direction.
-On a daily base GBP and USD are on a similar level and on a 4-hour base, GBP is is just a little bit stronger than USD.
-If GBP remains stronger than USD then we can expect bearish movement and if USD gains some power and then becomes stronger than GBP then we may expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-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.
-On a 4-hour time frame, we can see that the price formed a very nice head and shoulders pattern.
-Head and shoulders pattern is a reversal pattern so and it is a sign that the price may change its direction into a bearish direction.
-On a daily base GBP and USD are on a similar level and on a 4-hour base, GBP is is just a little bit stronger than USD.
-If GBP remains stronger than USD then we can expect bearish movement and if USD gains some power and then becomes stronger than GBP then we may expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-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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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.