GBPUSD: Great Shorting Opportunity
Even though last week was quite bullish for GBPUSD ,
we still remain bearish biased on that.
Looking for shorting opportunities, I spotted a nice rising channel
and a completed head & shoulders pattern within its boundaries.
To short wisely I am looking for a breakout of 1.361 - 1.362 area (hourly candle close below)
that will signify a breakout of both h&s & channel.
Then the price will most likely drop to 1.355 structure.
In case if the price sets new high above the head, the setup will be invalid.