Currency Pair: GBP/USD (British Pound vs US Dollar)
Timeframe: 4-Hour (4H)
Platform: TradingView
---
🔍 Pattern Identified:
Head and Shoulders Pattern
Left Shoulder, Head, and Right Shoulder are marked.
The neckline is broken, confirming a bearish trend reversal.
The trendline from March to June was also broken, supporting a downtrend.
---
📍 Current Price (at screenshot time):
Around 1.32778
---
🎯 Sell Setup – Target Levels:
🔻 First Target:
Price: 1.30072
Labelled: "1st TARGET POINT"
This is a near-term support level or conservative projection of the Head and Shoulders move.
🔻 Second Target:
Price: 1.28023
Labelled: "2nd TARGET POINT"
This is a deeper target, likely the full measured move of the pattern.
---
📈 Entry & Risk Management:
Suggested Sell Entry Zone: Around 1.32778
Stop-Loss (SL): Consider placing above the Right Shoulder area (around 1.3350–1.3380)
Take-Profit (TP):
TP1: 1.30072
TP2: 1.2802
Timeframe: 4-Hour (4H)
Platform: TradingView
---
🔍 Pattern Identified:
Head and Shoulders Pattern
Left Shoulder, Head, and Right Shoulder are marked.
The neckline is broken, confirming a bearish trend reversal.
The trendline from March to June was also broken, supporting a downtrend.
---
📍 Current Price (at screenshot time):
Around 1.32778
---
🎯 Sell Setup – Target Levels:
🔻 First Target:
Price: 1.30072
Labelled: "1st TARGET POINT"
This is a near-term support level or conservative projection of the Head and Shoulders move.
🔻 Second Target:
Price: 1.28023
Labelled: "2nd TARGET POINT"
This is a deeper target, likely the full measured move of the pattern.
---
📈 Entry & Risk Management:
Suggested Sell Entry Zone: Around 1.32778
Stop-Loss (SL): Consider placing above the Right Shoulder area (around 1.3350–1.3380)
Take-Profit (TP):
TP1: 1.30072
TP2: 1.2802
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
t.me/+cKW-ibvnp_lmYTc0
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/+cKW-ibvnp_lmYTc0
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/+cKW-ibvnp_lmYTc0
Gold signal's with proper TP & SL for high profits opportunities..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.