Is this a Bottom? Long

British Pound/U.S. DollarFXCM

Description

⋅ Aug 25, 2016 9:54 AM

Is this a Double Bottom or will we see the next round of the consolidation?
Trading above 1.3395 should accelerate the up-momentum - next TP should be the Minimum correction Level fibo 38,2= 1.3628

Resistances: 1.3175 / 1.338/ 1.3445 / 1.385
Supports: 1.286 / 1.2775

Comments are Welcome -Agree or Disagree

Comments

hisham101010

⋅ Aug 25, 2016 10:24 AM

Thank you Mary ,, I need your advice,, is it good now to sell until 1.29

PA-FX

⋅ Aug 25, 2016 10:17 AM

Thx MaryJane! Totally agree that trading above the 1.3395 is going to accelerate the up momentum!
Thank you for sharing, you are doing a great job as usual!

The_Cannalyst

⋅ Aug 25, 2016 10:18 AM

Thank you so much!!!