Petr Suchanek

GBPUSD long-term projections

FX:GBPUSD   British Pound/U.S. Dollar
292 0 0
Although I do not trade higher time-frames like the daily and weekly, when I look at GBP from the broader perspective, it seems that it is climbing higher firmly and this time it might break through long-term resistances. If it happens, there is a very powerful pattern in play. FF1C is a psychological trading pattern based on long covering and it has a very big statistical rate of success, so I am very cautious about that. Still it is too early to make conclusions, but it is necessary to get ready...

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