British Pound within Head & Shoulder formation

British Pound within Head & Shoulder formation

Rami
24 (10) 2016 - 21:28 (GMT)
0

As we see over the chart, GBPUSD maintain last daily trades between support (1.2170-80) and resistance (1.2250).

 

Intraday-Levels start to show ability to construct Head & Shoulder formation which if managed to control the market another downtrend wave may hit market toward farther drop to break below support (1.2170-80) and to head toward Short-Run target as previous report advised (see here).

above (1.2250) this model will be busted where market may head again for more advance to re-test old resistance zone (1.2300-30) again.

will advise to keep stop Loss above (1.2250) for this model for Intraday-Trading-Levels with first target (1.2190) and second target (1.2100-20)

GBPUSD

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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