• Vasily Trader

GBPUSD: Great Shorting Opportunity

Hey traders,

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.