Bullish on the gbpusd for the following reasons: 1: Price broke the year highs set back in February on 11/05/15 so expecting bullish momentum to continue. 2: Trend line held after the FOMC. 3: Price has been making higher highs and higher lows so expecting that trend to continue. 4: Looking for a completion of the ABCD pattern at the -618% Fibonacci extension...
Im seeing a potential short too 17790 and then a continuation on the overall bullish momentum. what are your thoughts?
Pattern completion and entry with target 1