TradingView
jimmy_highwire
Jul 26, 2016 8:44 PM

is GU consolidation ending ?? Long

British Pound/U.S. DollarFXCM

Description

anyway, a direction needs to follow,....
i look for the forming of the right shoulder of an inverted HnS, if/when we break the red tl/wedge top
target at least 1.35

no scenario for me if this is a continuation pattern down

Comment

a closer look after the UK gdp #

if we still break upwards, here would be a nice entry at 1.3100

Comment

average long is at 1.30947
next H4 candle should make the break to the upside in order to carry the position further

Comment

unfortunately exited last week, maybe opportune to look for an interesting entry
possibly just above 1.3250
Comments
Gino
Nice jump, where form here?
jimmy_highwire
got my stops in under 1.31, i would like to see top of this formation as first target,...1.35 ish
More