GBPUSD: 2618 Setup Long

British Pound/U.S. DollarFXCM

Description

⋅ Nov 27, 2014 1:42 PM

We have a double bottom formed with divergence. Price has also broken the down trend line. We have a potential 2618 setup in confluence with the trend line area.

Stops will go below the double bottom and targets will be at the next resistance level.