GBP/USD Shoulder-Head-Shoulder
For the next week I have a lot of conlfuence that GPB/USD will be bearish
1. It´s in a corrective structure on the daily
2. It broke the Bullish correction in this structure to create the 5th wave
3. Head and Shoulder Pattern on H1 already broke neckline
4. Possible reversal to 1.31700 level to create a Head and Shoulder pattern on H4 chart
5. RSI strong bearish
I expect a move down to min. 1.30000 for first TP and 1.28750 for second TP
1. It´s in a corrective structure on the daily
2. It broke the Bullish correction in this structure to create the 5th wave
3. Head and Shoulder Pattern on H1 already broke neckline
4. Possible reversal to 1.31700 level to create a Head and Shoulder pattern on H4 chart
5. RSI strong bearish
I expect a move down to min. 1.30000 for first TP and 1.28750 for second TP
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