SignalSwiss
Long

GBPUSD: DOUBLE BOTTOM IN DEVELOPMENT

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
2627 14 35
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Ouch. Glad I was short.
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Utterly annihilated
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"Trade Closed, Stop Reached"- BSE.
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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
cos that would invaldate the AB=CD idea
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but a good observation u make
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is it 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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