Nicemate
Long

BULLISH H&S & ABCD PATTERN CONFIRMATION ON GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
101 0 7
Potential Long on the GBPUSD             cross. A bullish H&S and an ABCD confirmation pattern on the 4hr. chart with:

* entry level 1.417 - 1.421
* SL on the invalidation of the ABCD model=below "C" (1.4087)
* Target 1: 1.450
* Target 2 ( H&S target): 1.510

R/R: 3.34 to Target 1
9.73 to Target 2
Comment: Price has reached the neckline.
There could be a retest of the 1.4306 area, but not necessarily.
Target 1 @ 1.45
Comment: Price broke the neckline... towards Target 1...
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