GBP/USD H4 - Possible long setup

Brexit referendum discussion is making pressure to the GBP, but final decision (vote) until June 2016. So the movement is pure speculation and the fear should slowdown in the short term.

Technically, two bullish Crab patterns emerge accompanied with bull divergences in H4 and D1 charts, so I expect the price drops into the PRZ box to consider an entry setup.

Meanwhile, on H1 chart, there is a bearish ABCD pattern and a short entry is possible between 1.4251 and 1.4335 (waiting for bearish divergence + reversal bar pattern).

Komentarz:

Price is retesting PRZ of the first possible Bullish Crab. On H1 chart, price is pressuring channel support and I could imagine a bearish Shark pattern formation.

If a bullish divergence + reversal bar pattern show up, it could be a good opportunity to enter long. Will see