10-09-2019 Another possible GBP cenario- Just another idea-
GBP is currently at a very important level. -61% of fib-
It is obviously trending downward, but the sentiment on this pair is still very bullish.
74% of GBP traders at net long according to IG sentiment data. The trend usually goes against the sentiment, but sometimes it works.
If the Cable holds a current level and bounces from here, we may see a complete ABCD cycle before the Brexit. -Point "D" meets absolute downtrend line colored in red-
It is obviously trending downward, but the sentiment on this pair is still very bullish.
74% of GBP traders at net long according to IG sentiment data. The trend usually goes against the sentiment, but sometimes it works.
If the Cable holds a current level and bounces from here, we may see a complete ABCD cycle before the Brexit. -Point "D" meets absolute downtrend line colored in red-
Comment:
1.268XX looks like an ideal target for the bull-run with U.K. and Irish are working on the pathway to a possible Brexit deal
