SignalSwiss
Long

GBPUSD: DOUBLE BOTTOM IN DEVELOPMENT

FX:GBPUSD   British Pound/U.S. Dollar
2627 14 35
OUR LONG SETUP PLAN:
GBPUSD: REBOUND CONTINUATION?

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Any long trade suggestions w/ this pair?
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TheFalcon EricBuss
This is a suggestion
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double bottom strategy is still valid?
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Where is the bottom? On monthly chart it looks it will go to 1.25, 1.20 may be too much of falling...
Maybe I'm wrong, but after looking for long for few days I thought it's better to give up for now and start shorting the pair 'till it teaches the bottom. But where is the bottom? 1985 was around 1.05...
+2 Reply
vdelgior Lucky5
World will punish UK for Brexit. and 1.05 could be a possible view in middle term.
But may be we can play on some rebund in the while.

Unfortunately i'm in long sicne 1.28.... image my feeling
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33788 Lucky5
I'd take $1.25 (1 dollar and 1 quarter) over $1.26 (1 dollar, 1 quarter, and 1 penny). Got to thinking of that logic more so I now have my long setup at $1.25. Maybe lucky to get 200 pips because the DXY is way to strong and don't see any clear reversals until about $98.00 for the DXY. Great analysis and good luck everyone
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is it still valid?
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snapshot


I cant find a lower point on the chart, so only direction I have I have is this potential AB=CD and trendilne support at .94 area sometime in 2019
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dalevestor Trendhopper
Wondering why you don't set up your horizontal line from the lows in 1994 and 2001/2002? If you did that we would be just about where the price is today?
+1 Reply
Trendhopper dalevestor
cos that would invaldate the AB=CD idea
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Trendhopper dalevestor
but a good observation u make
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"Trade Closed, Stop Reached"- BSE.
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Utterly annihilated
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Ouch. Glad I was short.
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