aslamhammad

GBP/USD Monthly Chart

Short
FX:GBPUSD   British Pound / U.S. Dollar
82 views
3
In the monthly chart i think, price formed a elliot wave triangle......Currently trading inside a bear flag structure....2 breaks are possible in this structure.....First one is around 1.4969.......from where price can decline back to previous low 1.4565......With Fed rate hike inbound in December.....That would be the first test.....I think the next target is around 1.3686......That is if we got another rate hike by Fed in March.......December will be interesting month :)

Comments

Same end result. Different ways we used to end the cat's life, huh? ;)https://www.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out