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John_Florence

Double bottom and inverted H&S

British Pound Currency Index (TVC:BXY)  
John_Florence Updated   
TVC:BXY   British Pound Currency Index
Trend Analysis Chart Patterns BXY GBPUSD
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trendanalysis chartpattern bxy gbpusd
BXY is making potential double bottom and inverted HnS - this could be a start of a new epic bull run. Are you ready for it?
Comment:
And please excuse my drawing skills, don't have much time to dabble with colors and prefect shapes, but the messsage is clear imo.
Comment:
Obviously, the inverted HnS pattern was invalidated, still long-erm double bottom theory is holding. It's all up to king dollar right now. Will observe and trade accordingly.
Comment:
The inverted HnS theory was invalid, however, so far the double bottom seems to be holding. Currently we have a position in GBPUSD and were able to catch the bounce.
Comment:
Structure broken, hyopthesis invalid, currency index made lower low and is outright bearish.
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