GBPUSD triggered a short signal today based on our proprietary pattern which delivers us a target at 1.6700 (nice even number).
To enhance our odds, we can find multiple support factors for our setup like a bearish head and shoulders pattern and a major uptrend trendline break that is now being re-tested. This re-test to the broken trendline should offer us adding resistance, considering that we can also find a supply zone overlapping with some support-turned-resistance points.
Set up the trade using your own risk factors and risk management rules accordingly.
To enhance our odds, we can find multiple support factors for our setup like a bearish head and shoulders pattern and a major uptrend trendline break that is now being re-tested. This re-test to the broken trendline should offer us adding resistance, considering that we can also find a supply zone overlapping with some support-turned-resistance points.
Set up the trade using your own risk factors and risk management rules accordingly.