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Balazs

Buy Setup?

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Balazs Updated   
FX:GBPUSD   British Pound / U.S. Dollar
2
2
A steep yet obvious consolidation after a break out of the higher time frame trend line. A possible buy opportunity. Risk reward ratio may not be as fantastic as usual with trend continuation but some may still go for it.
Comment:
We saw a breaking downward of the smaller time frame, currently holding a position on that.
Comment:
Comment:
And more potential selling opportunity, see lower 1 hour time frame:
snapshot
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