Please have a look a the H4 chart for gbpusd, in baby pips school it talks about buying above the neckline one the reverse head and shoulders pattern has formed. I had noticed quite a few periods ago but didn’t take advantage. Can you more experienced confirm what i think i see, is it a reverse head and shoulders and did you take advantage? (i still have my learner plates on!)
Not sure what time period you are seeing a H&S on the 4hr chart, here I noted a H&S earlier in the year on the daily, it never really got going with price being contained by the 200 ma. Last week we saw price come down and retest the downward sloping neckline where it reversed and looks to be making another run at the 200ma. Lots a risk this week in the GBP so be careful
Frankly, this week I wouldn’t trust any GBP/USD signals and I would avoid trading this pair altogether.