$GBPUSD 07 September 2011

This is a swing trade setup. Cable is moving closer to retest previous broken trend line, and a bullish harmonic pattern is forming.  It depends on one’s risk tolerance, I prefer to build entry near trend line. Still watching for now. I expect some reactions at the trend line retest.

Here is the … CHART!

$GBPUSD Bullish Harmonic setup

About Gav

A Father, Husband, Trader, and Blogger. A serious coffee addict. Started trading since 2005, trades Futures and FX.

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Comments

  1. Pound seems to be consolidating and preparing for the next move, possible usd strengthening across the board, see eurusd

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