@ashley3623 on GBPUSD | PriceONN Community
A
I'm considering a short position on GBPUSD if it fails to break above the 1.3550 resistance. My analysis shows a potential head and shoulders pattern forming on the H4 chart. A break below the neckline around 1.3530 could trigger further downside movement. I'd set a TP around 1.3500 and a SL just above the 1.3560 level to manage risk. The overall trend appears bearish, but I'll monitor the economic news releases closely for any surprises that could affect the pair. This setup depends heavily on price action confirmation.