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orvilleawright

NEUTRAL GBPUSD 1 Hour; Trade consolidation breakout; Buy BAT

British Pound / U.S. Dollar (FX:GBPUSD)  
orvilleawright  
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD hourly orville wright orvillewright Bat Ascending Channel consolidation consolidating breakout neutral price-action Candlestick Analysis
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gbpusd hourly orville wright orvillewright batpattern ascendingchannel consolidation consolidating breakout neutral price-action candlestick
Nov 4 2015: NEUTRAL GBPUSD 1 Hour; Trade consolidation breakout; Buy BAT

(Analysis Based on 1 hour chart)

Observations

1. Price in short term up channel; Now broken
2. Price has been consolidating for the past few hours
3. Really not much going on prior to NFP
4. Bullish BAT pattern

NOTE: Wait for price action to confirm the importance of this level.

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