GBP NZD DAILY MASSIVE - GBPUSD NEXT MOVE 1.3400-1.1000???
HEY GUYS TODAY I PRESENT YOU MY CONTRARIAN ANALYSIS ON GBPUSD BASED ON MASSIVE DAILY BEAR STRUCTURE IN GBPNZD
WHAT DOES THAT MEAN? WELL, THERE'S STILL HUGE UPSIDE IN GBPUSD (WHICH IS IN-LINE WITH EW I'VE POSTED PREVIOUSLY).
HOWEVER, IT LOOKS LIKE WE WILL GET SOME SORT OF EXTENSION FOR OCT31 DEADLINE AND THEN THINGS GO HORRIBLY WRONG
LATER NOV-DEC 2019, IT'S POSSIBLE WE GET A HUGE MOVE FROM GBPUSD 1.3200-1.3400 BACK TO 1.1000 (2400 PIPS DUMP).
READ ON, REVIEW COMMENTS AND CHART AND FEEL FREE TO UPVOTE THIS ANALYSIS, IF THIS ADDS VALUE TO YOUR TRADING.
COMMENTS, QUESTIONS - FEEL FREE TO LEAVE THE BELOW. GOOD LUCK, AND LET'S SEE WHAT HAPPENS!
1) POSSIBLE CONTRARIAN SIGNAL
OF A MASSIVE DUMP IN GBPUSD
3) TARGET COULD BE 1.1000
AND EVEN PARITY 1.0000
4) REVERSAL LIKELY NOV-DEC 2019
5) POSSIBLY WE GET A DEAL EXTENSION NOW
6) AND THEN THINGS GO WRONG LATER
GNZ NOW IS 2.0360
REVERSAL 1.13 IS 2.0800
REVERSAL 1.27 IS 2.1060
SO STILL MASSIVE UPSIDE IN GBPUSD
TRANSLATES INTO GBPUSD
1.13 - GBPUSD 1.3200
1.27 - GBPUSD 1.3400
WHAT DOES THAT MEAN? WELL, THERE'S STILL HUGE UPSIDE IN GBPUSD (WHICH IS IN-LINE WITH EW I'VE POSTED PREVIOUSLY).
HOWEVER, IT LOOKS LIKE WE WILL GET SOME SORT OF EXTENSION FOR OCT31 DEADLINE AND THEN THINGS GO HORRIBLY WRONG
LATER NOV-DEC 2019, IT'S POSSIBLE WE GET A HUGE MOVE FROM GBPUSD 1.3200-1.3400 BACK TO 1.1000 (2400 PIPS DUMP).
READ ON, REVIEW COMMENTS AND CHART AND FEEL FREE TO UPVOTE THIS ANALYSIS, IF THIS ADDS VALUE TO YOUR TRADING.
COMMENTS, QUESTIONS - FEEL FREE TO LEAVE THE BELOW. GOOD LUCK, AND LET'S SEE WHAT HAPPENS!
1) POSSIBLE CONTRARIAN SIGNAL
OF A MASSIVE DUMP IN GBPUSD
3) TARGET COULD BE 1.1000
AND EVEN PARITY 1.0000
4) REVERSAL LIKELY NOV-DEC 2019
5) POSSIBLY WE GET A DEAL EXTENSION NOW
6) AND THEN THINGS GO WRONG LATER
GNZ NOW IS 2.0360
REVERSAL 1.13 IS 2.0800
REVERSAL 1.27 IS 2.1060
SO STILL MASSIVE UPSIDE IN GBPUSD
TRANSLATES INTO GBPUSD
1.13 - GBPUSD 1.3200
1.27 - GBPUSD 1.3400