NickStyles
Long

GBPUSD CABLE LONG BULLISH

FX:GBPUSD   British Pound/U.S. Dollar
Bullish on the gbpusd             for the following reasons:

1: Price broke the year highs set back in February on 11/05/15 so expecting bullish momentum to continue.
2: Trend line held after the FOMC.
3: Price has been making higher highs and higher lows so expecting that trend to continue.
4: Looking for a completion of the ABCD pattern at the -618% Fibonacci extension 1.60500

My stops are placed at the previous kumo resistance 160 pips looking to achieve a profit target of 500 pips just over a 3:1 risk to reward ratio

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out