Richiphone30
Short

GBPUSD Short based on completed ABCD vs Dollar Index

FX:USDOLLAR   Dow Jones FXCM Dollar Index
97 1 1
An upward Dollar Index             trend that started back in mid-April continues to trend upward with higher highs and higher lows. A hawkish FED will continue this trend. I'm short on GBPUSD             because of this and the completion of the ABCD Pattern . Looking for a 500 pip gain in 1-2 weeks with a trailing stop. The FOMC Statement Wednesday afternoon should give this predicted downward move a boost.
Sorry Gang - first time posting; should have been GBPUSD Short not Dollar Index Short; hopefully my description straightened this out - will get it better next time. :)
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