GBPUSD Long Trade Alert – Inverted Head & Shoulders BreakoutGBPUSD has confirmed a classic Inverted Head & Shoulders pattern, signaling a strong bullish reversal opportunity on the 2-hour chart. Price has successfully broken above the neckline resistance zone (~1.3490) and has now retested that zone, forming a bullish engulfing candle — an ideal confirmation for long entries.
🟢 Trade Plan:
Entry: After bullish engulfing candle formed on neckline retest (~1.3490–1.3500)
Stop Loss: Just below the right shoulder low / retest swing low (~1.3455)
Risk/Reward Ratio: ~4:1 (High reward with tightly controlled risk)
🎯 Target Levels:
Target 1: 1.3555
Final Target (Projected): 1.3620
These levels align with structure resistance and measured move of the pattern
📌 Why This Trade Matters:
Pattern confirmed ✅
Retest successful ✅
Bullish confirmation candle ✅
Clean invalidation and upside potential ✅
This is a textbook reversal play, offering solid structure, clear stop placement, and attractive upside. Perfect for swing traders or short-term position setups.
📉 Trade what you see, not what you think. Let price action lead your execution.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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