-Andrew-
Long

GBPUSD - ABCD Move

FX:GBPUSD   British Pound / U.S. Dollar
189 0 7
I have taken a long position on this pair, but had to cancel it with a minimal loss. This may not be the perfect AB=CD as it does not conform to Fib principles, but assuming that the AB Leg is equal to CD leg, it brings this pair to a very strong support.

Trade with care
Comment: Broke and intermediate support - heading to base -
Comment: This pair is now moving closer to the major support
Comment: Now at support - I don't see any bullish signals as yet
Comment: Order cancelled
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