Follow_The_Spiral
Long

GBP/USD Mid-Term (Long)

FX:GBPUSD   British Pound/U.S. Dollar
I see underlying strength in sterling recently. In looking at gbpchf             , gbpnzd             , and gbpaud             I see an inverse H&S pattern forming leading me to believe a major move in the pound will take place. Couple that with eurgbp             showing a nice H&S on the 1hr chart and underlying weakness in the dollar, I feel confident about this long.

Entry: 1.26366 (.766 retracement of AB), I also plan to add longs on the (.618, .5, and .382 retracements of AB on the way up)

TP: 1.38

Sl: 1.27
Comment: entry 1.29366*
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