GBPUSD Long

27. Feb. 2017

Looking for ABCD pattern completion. Looking on the weekly chart, price has crossed the BLUE weekly trend line and EMA's have crossed. Daily: retest of weekly trend line happened today (27/02) and was rejected. We may see price come down to 61.8% before a bullish run up to monthly resistance. Target 1: 1.2770 (monthly res). Target 2: 1.2901 (-27%)

28. Feb. 2017

Anmerkung

Majority of traders are looking for a short on GBPUSD, my bias is long mainly due to the weekly chart EMA's crossing and the cross of the trend line.

1. März 2017

Anmerkung

Waiting for test of 61.8%