GBPUSD | Head & Shoulders

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Price formed Head & Shoulder pattern and broke the horizontal support. Also the price was already rejected by this broken horizontal.

Currently price bounced and short position can be initiated only on a confirmed rejection of Horizontal, also Ichi Cloud resistance. Or on a breakout of Local Support

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.