Possible Inverted Head and Shoulders on cable(GBPUSD)

9 Eki 2016

The last session closed like this, it's very close to the neckline of that potential inversed H&S, if completed the price should recover from the flash crash, target 1 touching the yellow line around 1.262-1.263 target 2 touching the red line and the flat kumo arount 1.267, once it'll be hit, we could see the bear trend resuming.

Could expect a gap up at the opening, I don't believe yet in a longer bullish trend.

11 Eki 2016

Emir iptal