After a huge plunge for GBPUSD, it seems finally to come to an end. On the monthly chart, after breaking the "the black hole" (the rectangular area shown in the chart), it accelerate the fall. MACD divergence occurs, which shows us that a rally can happen at any time. The profit margin will be aroud 3000pips which is a huge rally.
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Was saying it in the morning waiting to break 1.2789 on the daily chart and here it is. Now wait patiently for the entry of long position
Trade active
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Open long position at 1.2745
Comments
DonaldBradley
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3000 pips?
Yan_Lin_Yu
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yeah, it is a monthly chart, so probably will take a long time to achieve that. On the daily chart, the first target will be around 1.4375, which is also more 1000pips from now. I am waiting for the breaking of 1.2789 on the daily chart.