corrective zig zag, bat parttern d extention, short term pull back of the bigger move,enough reasons to go long on this pair
price is at a strong resistance, sellers love that price, plus overbought reading on monthly timeframe of DXY(possible complition of wave 5)
only looking for short setups on this pair,
CYPHER PARTTERN IS CURRENTLY IN FORMATION, I WILL BE LOOKING TO SELL AFTER COMPLITION...ENJOY THE PIPS ;-)
POSSIBLE SHORT SETUP FOR GBPUSD
waiting for a pull back to the 61.8% retracement and orice action when it reaches that zone before going short