I don't look to closely at the H&S but TL's are seen by so many around the world I tend to pay more attention to them. It think right now the price is witnessing a close of many longs reaching their interim target of 1.4950 and those putting on shorts there assuming it is a move down. My long closed out for a few pips gain but I think the day is still heading up ???? Maybe a retrace to the 1 hr TL support might stimulate the next bounce
DislikedMorning, everyone
I've just looked at GU charts, and I found kind of contradiction.
Daily - we might get the right shoulder soon.
1H - pretty strong TL up.
Today unemployment data is due. So, we'll see if TL will hold.Ignored