@ashley2000 on GBPUSD | PriceONN Community
Anyone else seeing a potential inverted head and shoulders forming on the H4 chart? What are your thoughts on a possible breakout above 1.3640?
Replies
Regarding the inverted head and shoulders pattern @ashley2000 mentioned, it's an interesting observation on the H4 chart. However, I would be cautious about relying too heavily on that pattern alone. The 1.3640 breakout level seems quite high, and a lot could happen before we reach that level. It might be prudent to wait for additional confirmation, such as a break above the 200-day SMA, before considering a long position.