@oliviajones19 on GBPUSD | PriceONN Community

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oliviajones19
oliviajones19 PRO newbie
GBPUSD Mar 2
Is anyone else seeing a potential inverse head and shoulders forming on the H4 chart? The neckline seems to be around 1.3460. I'm curious to see if it will play out, especially with the current bearish pressure. What kind of volume are you all seeing confirming this potential pattern?
GBPUSD

Replies (1)

oliviajones19
oliviajones19 PRO newbie Mar 2
Update: I'm noticing that the right shoulder is still developing, and the volume isn't quite there yet to confirm the pattern. It might just be wishful thinking on my part, hoping for a bullish reversal. I'll keep watching the price action around that 1.3460 level and see if it breaks through with more conviction. Perhaps some news will drive it.
EURUSD 1.16078 -0.20%
GBPUSD 1.34241 -0.29%
USDJPY 159.89350 +0.01%
XAUUSD 4,461.42 -0.59%
XAGUSD 73.19 -2.55%
BTCUSD 63,053 -6.71%
SP500 6,572.87 +0.74%
BRENT 99.60 +0.73%
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