GBP/USD - SHORT | HP Rating: 10

FX:GBPUSD   British Pound / U.S. Dollar
This pair is screaming all the right things for where the direction is going to go. Although possible to break out of this and continue, this is highly probable we don't base on the structure, pattern towards resistance, and clear profit targets. The negative is we could form a different pattern, which I could see the potential for an ascending inside the larger ascending. This does not change direction though, or the HT confirmations and where we are now. My Head and shoulders are now forming gives me an added element to the overall play. Limited backtesting for me is more of a negative than the first, just because I have not done a large amount of backtesting yet on each pair so I don't know exactly how this pair moves in-particular. But overall a 10! - aware this may not play out Monday if was to change...


Looks great mate
HarrisonForexx AlkalineFX
@AlkalineFX, Thanks!