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British Pound Currency Index

Double bottom and inverted H&S

By John_Florence
Updated
BXY is making potential double bottom and inverted HnS - this could be a start of a new epic bull run. Are you ready for it?
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And please excuse my drawing skills, don't have much time to dabble with colors and prefect shapes, but the messsage is clear imo.
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Obviously, the inverted HnS pattern was invalidated, still long-erm double bottom theory is holding. It's all up to king dollar right now. Will observe and trade accordingly.
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The inverted HnS theory was invalid, however, so far the double bottom seems to be holding. Currently we have a position in GBPUSD and were able to catch the bounce.
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Structure broken, hyopthesis invalid, currency index made lower low and is outright bearish.
BXYChart PatternsGBPUSDTrend Analysis
John_Florence

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