GBPUSD W1 analysis
Open on the live chart ↗
Price when published: 1.332540 · now 1.337040 (+0.34%, against the idea)
Watch the neckline at 1.31981 · small swings
▼ Short 1.31981 · stop order (on the breakout)
Stop 1.37144 (3.91%)T1 1.26963 · R:R 1:0.97T2 1.23862 · R:R 1:1.57
Entry on a close through the neckline; stop beyond the right shoulder.
Why: 4 rules met, 1 of 1 guidelines
✓ The head is clearly beyond both shoulders
✓ Shoulders at similar levels (6% of the height apart)
✓ The neckline is not too steep
✓ Both shoulders rise clearly above the neckline
✓ The shoulders are roughly symmetric in time (guideline)
Updates from the author
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Ideas are the author's opinion, not investment advice. Past moves do not predict future ones.




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