Hello people, doing some late night research for the week ahead for trading. I found this (almost perfect) head and shoulders pattern on the 4h timeframe on the UK100GBP chart. Head and shoulders pattern is a reversal pattern so we could be seeing more bearish movement this week.
Theres also some Ichimoku cloud bearish signals which some are RED cloud, Conversion line cross below the base line (Ive highlighted it) and price is below the cloud and base line. The last signal i'm waiting for is the lagging span to cross below the cloud before I enter any trades.
Make sure to do your own analysis and research.
I hope some of you find this helpful and have a great trading week.
Theres also some Ichimoku cloud bearish signals which some are RED cloud, Conversion line cross below the base line (Ive highlighted it) and price is below the cloud and base line. The last signal i'm waiting for is the lagging span to cross below the cloud before I enter any trades.
Make sure to do your own analysis and research.
I hope some of you find this helpful and have a great trading week.