KVE

GBP/USD: Weekly Bat or AB=CD?

FX_IDC:GBPUSD   BRITISH POUND / U.S. DOLLAR
126 0 4
Cable should make up it's mind...

Waiting for confirmation on the direction to hop on a possible nice move up or down...

If direction becomes clear I'll set my orders for either a bat or an AB=CD reversal trade.

On to smaller timeframes now for clues!
Comment: We got below the bat's B point, but we need a weekly close below to invalidate it!
Small rebound now but not very convincing for now, still not sure where it's going... waiting...
If we have a daily close below today's low I'll probably short it though!
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