Phenlx

GBP/USD amid a falling wedge

FX:GBPUSD   British Pound / U.S. Dollar
33 0 2
Hey guyz,

GBP/USD             still in a nice downtrend. Anyway market is highly volatile which is evidence for uncertainty between bulls and bears. If price exits the falling wedge to the upside, then I will watchout for a long entry. For the harmonic traders out there, @ 1,4720 we would have a D comletion of a bullish BAT pattern. For the others, just watch out if Lower Highs will be violated (black lines as examples).

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