Hi Traders!
There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart.
Here are the details:
The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline.
The market has also broken below the 20 EMA, and a close below the 20 EMA will be an added confirmation signal.
Preferred Direction: Sell
Entry Level:1.27504
Stop Level:1.27806
Target Level: 1.26900
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart.
Here are the details:
The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline.
The market has also broken below the 20 EMA, and a close below the 20 EMA will be an added confirmation signal.
Preferred Direction: Sell
Entry Level:1.27504
Stop Level:1.27806
Target Level: 1.26900
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.