Head & Shoulder pattern on GBPUSD!

٤ فبراير ٢٠٢٢

Price is busy forming a massive H&S pattern on the H4 & Daily time frame. If you look closer pair is rejecting 61.8% fib on H1 and is still trading above 20MA and 50MA. You will see lines a marked out that shows price is at a key level. Can either shoot up or go down. Manage risk carefully as it is NFP today.