Inverse Head and Shoulder
was formed on 16.12 at 17:29:44 (UTC+0)
signal strength 3 of 5
According to the chart of M30, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.2670 while the median line of the Neck is found at 1.2607/1.2636. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.2700
Figure
Instrument
Timeframe
Trend
Signal Strength