British Pound / U.S. Dollar
Short
Updated

GBPUSD - Potential Bearish Reversal!

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Hello everyone, if you like the idea, do not forget to support with a like and follow.

As per my last analysis (attached below), GBPUSD is sitting around a strong resistance in green so we will be looking for sell setups.

on M30: GBPUSD is forming a head and shoulders pattern but it is not ready yet so we will be waiting for the right shoulder to form (projection in purple)

Trigger => Waiting for the right shoulder to form then sell after a momentum candle close below the gray neckline.

Meanwhile, until the sell is activated, GBPUSD would be overall bullish can still trade higher inside the green resistance.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Note
GBPUSD - Purple War Zone!

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