Sapphira
Long

GBPUSD Potential Long Continuation

FX:GBPUSD   British Pound / U.S. Dollar
304 5 11
Price has retraced and found support at 38.2 retracement. Am watching to see whether price will break support and
perhaps drop to .5 ( 1.2350) or lower or whether price will bounce off current support and continue up to test resistance around 1.25/1.2520.
I'm with you on this one... Though I'm merely hopeful and don't have any other indicator/strategy to back it up. I'm a self-taught rookie though. Let's see...
Reply
Mr_Gedze Mr_Gedze
ABCD Formation.
Reply
Sapphira Mr_Gedze
Thank you. I'm self taught as well. As I understand it, price needs to retrace to 61.8 to meet the requirements for an ABCD pattern. But support has held so far, so we will see:)
Reply
lets see..
Reply
Sapphira ruselforex
Yes, let's :)
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