Good afternoon traders! A new trading idea for the GBP / USD pair.
Currently, the bullish trend of the GBP / USD pair has slowed down, forming a Head and Shoulders pattern above the price level of 1.3.
Trade short positions to complete it, as such will push the quotes past the round and psychologically important level of 1.3.
The target movement is 800-1,000 pips, with a target profit at a price level of 1.2980.
This will be relevant until the quote breaks out of yesterday's top at 1.13200-1.31300.
Price Action and Stop Hunting strategies were used to formulate this idea.
Good luck!
