Hi Traders,
GBPUSD creates H&S in Daily and shows some Bearish bias.
Clues:
Divergence in RSI in D1.
Left shoulder shows Price action after weak Run.
Creates Double Top (Not mentioned in chart).
Conflict Area of Hull Ma.
Rejected in 4h Rising wedge.
Initial Target is 1.2690 ( Breaks and confirm)
Goals: 1.2440 and 1.2200
Every system has a limitation!
GBPUSD creates H&S in Daily and shows some Bearish bias.
Clues:
Divergence in RSI in D1.
Left shoulder shows Price action after weak Run.
Creates Double Top (Not mentioned in chart).
Conflict Area of Hull Ma.
Rejected in 4h Rising wedge.
Initial Target is 1.2690 ( Breaks and confirm)
Goals: 1.2440 and 1.2200
Every system has a limitation!
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