Long the GBPUSD at 1.2110 because XYAB pattern

DXY has completed the AB=CD pattern
And broken down the starting point of FOMC about 98.00
So we can judge that the upward trend is over
The DXY has pull back the 98.00 now
We should find the chance to long the Non-American Currency
Because we judge that the upward trend is over about DXY
So we can find the GBPUSD in the low of location
And has XYAB pattern at 1H chart
So we can long the GBPUSD now about 1.2110
Set the stop loss at 1.2070
First target is 1.2180
Second target is 1.2240

Kommentar:

nice
if you didn't long the GBPUSD
you can long it when it pull back the inside bar about 1.2140

Kommentar:

ok,we can see a inside bar at 30m chart
so we can increse position at 1.2166
ant set the stop loss at 1.2149