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.

Leave A Response

* Denotes Required Field