Hi Traders, Happy Monday! Hope you all had a great weekend. Today we are looking at a possible Inverted Head & Shoulders on the 4-Hour Chart We have seen nothing but bearish price action for the past month on most FX pairs.
The DXY has been going parabolic GBP/USD has wicked down to a support level not seen since July 2020. Is this a good time to buy? I only enter positions that match my setup, which could be a possible play. Yes, it is a counter-trend which is not always advisable. This is why I would only risk a very small position on this as I wouldn’t class this as an A grade Setup.
I am waiting for the price to break and close above that 4 Hour Resistance. If it does this I will be waiting for a possible retrace before potentially taking this pair long with a RR of 1/4
Hope you all have a great week! See you on the next one,
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.