Possible Continuation of Bearish movement on GBP/USD
Confirmations:
1. We have a head and shoulder pattern that formed at the top of my bullish channel from 4h and Bearish channel from the DAILY timeframe.
2. The market broke our previous Higher Low structure and the head and shoulder neckline.
What to do:
If the market retests the head and shoulder neckline then we take can take an early sell. OR we can wait for the market to break the red support trendline.
1. We have a head and shoulder pattern that formed at the top of my bullish channel from 4h and Bearish channel from the DAILY timeframe.
2. The market broke our previous Higher Low structure and the head and shoulder neckline.
What to do:
If the market retests the head and shoulder neckline then we take can take an early sell. OR we can wait for the market to break the red support trendline.