GBPUSD HUGE DROP ??? HEAD & SHOULDERS PATTERN
Hi guys,
here is my analysis on GBPUSD. I can expect price to drop to the downside from this supply zone marked up in red. On top of that we clearly see an Head ans Shoulder pattern forming righ now. Most of the time when we get this kind of pattern forming in this kind of zone (supply), we can expect at least a move to the downside. But lets see after news coming up in New york session and considering the fact that fondamental GBP news are Strong right now, maybe GBPUSD will not move so much to the downside.
https://www.tradingview.com/chart/mpZKEBGO/
here is my analysis on GBPUSD. I can expect price to drop to the downside from this supply zone marked up in red. On top of that we clearly see an Head ans Shoulder pattern forming righ now. Most of the time when we get this kind of pattern forming in this kind of zone (supply), we can expect at least a move to the downside. But lets see after news coming up in New york session and considering the fact that fondamental GBP news are Strong right now, maybe GBPUSD will not move so much to the downside.
https://www.tradingview.com/chart/mpZKEBGO/