Head and Shoulder + Ascending Triangle?

١٣ أغسطس ٢٠٢٠

Classic chart pattern formed, these are my observations on the chart.
Possibilities of short with good bear mood sentiment
i look for swing short
structure bias towards bearish as market unable to make new HH.
breaking lower TL + neckline confirms bear jump thru the window.

please bear, don't wear parachute.

١٤ أغسطس ٢٠٢٠

ملاحظة

Looks like GBPUSD forming Inverted HNS, and from Bearish perspective, its HNS.

Now, that is interesting....i wait the breakout to follow (confirmation)

١٤ أغسطس ٢٠٢٠

تم فتح الصفقة

Bullish mode kicked in.
Break upper trendline. earlier analysis suggest to follow break out direction.

Long setup as follow: