orvilleawright

NEUTRAL GBPUSD 1 Hour; Trade consolidation breakout; Buy BAT

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
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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