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tomlee83

GBPUSD - Long Idea

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
tomlee83 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
DRAW - 1.30425.

Prior Month High @ 1.31445
Prior Week High @ 1.30425

Prior Month Low @ 1.26617
Prior Week Low @ 1.28289

Looking for initial dip to get long in to 1.30425 and 1.31445. If prior week low (1.28289) is broken then would have to re-look at levels.
Comment:
Cable has dipped in price as expected.

There is also some divergence between USDX (Made HH) and the GBP (Hasn't yet made a LL) from the 24th August.

Will look for LO setup to get long on the GBPUSD.
Comment:
Levels Hit!
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