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Mronejr

GU : CUP AND HANDLE - ROAD TO +1.41

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
Mronejr  
OANDA:GBPUSD   British Pound / U.S. Dollar
Cup And Handle GBPUSD cabl gu DXY
8
6
cupandhandle gbpusd cabl gu dxy
Hello everyone!
GU forming what is called "cup and handle" pattern, what do we expect? an impulsive move to the upside targeting +1.41 with a tight stop loss which gives us a nice RR ratio!
Note: Breaking resistance at 1.4 gives the option to add more in the position size!
DXY is very bearish:
snapshot
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