GBPUSD – Head & Shoulder Shows Lower Low

10 Oct - GBPUSD 4 Hr

(Click on image for larger view) 

Hi All,

For those who has not been following my market commentaries, I’ve been keep a close watch of the Cable since 29th Sept (see article) and have been tracking its move ever since.

Looking at the 4 hour chart, price made a nice double top at the top of my weekly short channel (see article) and has recently completely a down sloped head & shoulder pattern (as above). With that, price has officially made a new Lower Low (previous low was ~1.57) and I look forward for more shorts.

Thank you and happy trading.

White Space

Because TYE is Still Growing…

Sign Up for the newsletter to get TYE’s trading ariticles.

We value your privacy and would never spam you

White Space [/s2If]
Divider Grey  

Cover TYE Page

Make sure to check out my ebook on Trading the First Pullbacks - A simple Price Action Guide for Market Pullbacks That Works

See what Amazon readers say

  Divider Grey

Leave A Response

* Denotes Required Field