kvmev - GBPUSD outlookBritish Pound / U.S. DollarFOREXCOM:GBPUSDkvmevLooking at the daily time frame we can see a clear head and shoulders pattern as price has failed to break above 1.36000 after several attempts. Will be watching this pair closely this week as there may be an opportunity for a short position entry around 1.35800 if price is able to pull back up for a retest. We can also see the most recent candle close below the ascending trendline indicating a break out towards the downside as well as a possible trend reversal. Will look to secure 70% of profits around the first take profit and will set SL to BE if a trade is taken. ___ Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.