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British Pound / U.S. Dollar
Long

FUTURE OF CABLE

By Chart-Eagle
Updated
harmonics have much importance in charts and cable chart has again proved that a trader can not neglect the harmonic formations. If we draw the harmonic pattern in GBPUSD chart in monthly view the future of this pair is BULLISH till it crosses the 1.4600, however pullbacks are also in the way. This pattern is SHARK with smallest range of 0.866 (xad) However 1.13 may be end of this huge Bullish trend at 1.5400.
Note
however on shorter time frame a big pull back is expected in near future which may las for a whole week.
Trade closed: target reached
Harmonic Patterns
Chart-Eagle
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