> Three white soldiers candlestick pattern(Bullish indicator) is discovered in the hourly chart. Same candlestick pattern is forming in 4-hour chart as well. (@ 05/23 13:00 EST)
> U.S. economic datas have missed expectations. (PMI, Home sales) (Bullish)
> 1.266XX area is almost confirmed bottom of the bear trend. (Bullish)
> 1.26XXX area is the right shoulder of reverse head and shoulder pattern. (Bullish)
> One thing that concerns me before the bull market is sentiment ratio is still very bullish, 81% long with 4.15 L/S ratio. (Bearish)
Bottom line
**We will most likely reach 1.278XX resistance area within a few days. Long GBP!**
> U.S. economic datas have missed expectations. (PMI, Home sales) (Bullish)
> 1.266XX area is almost confirmed bottom of the bear trend. (Bullish)
> 1.26XXX area is the right shoulder of reverse head and shoulder pattern. (Bullish)
> One thing that concerns me before the bull market is sentiment ratio is still very bullish, 81% long with 4.15 L/S ratio. (Bearish)
Bottom line
**We will most likely reach 1.278XX resistance area within a few days. Long GBP!**
