jimmy_highwire

GU bottomed?

Long
jimmy_highwire Updated   
FX:GBPUSD   British Pound / U.S. Dollar
7
i can see some bottoming patterns on GU short and long term
we haven't made a significant new low for a while now
consecutive wedges have been overcome and PA keeps coming back to test them
barring another "surprise i base my long entries on a short term and longer term inverted HnS

again ,.. i'm not prepared to lose my acc balance over this idea but sure looks valid to me, target red channel top around 1.2240-50 looking for further PA there
Trade active:
sl at Breakeven at 1.21605
Comment:
closing half for 70 pips
Comment:
if GU retests the red tl it just crossed i will try and add to longs,... still half running from 1.21605
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