Inverted head and Shoulders ? Gbpusd H4

7. Juli 2020

There is some interesting price action happening on Gbpusd right about now. Price appears to be respecting structure which has acted as support and resistance in the past. If price manages to push down from its current level and can find support at the level drawn, i see the possibility of an inverted head and shoulders pattern forming. However Trading is reactive and price can easily break structure and continue going higher. so for now i have no clear bias. i am waiting for price to show more confirmation of the direction it wants to go.