I see underlying strength in sterling recently. In looking at gbpchf
, 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)