ezodisy
Long

gbpusd - long-term bullish view

FX:GBPUSD   British Pound/U.S. Dollar
127 2 5
monthly chart -- the Brexit spike moved from IV to V in the ending diagonal (see linked chart for pre-Brexit trade). Over the coming weeks, possibly months, I'll be watching for another gyration down to complete V of the ending diagonal. This is cable's long-term area of support (1.30x - 1.35x) which goes back many decades. I expect it to again find a floor there, and then head north. As usual with EDs, it's normal for wave V to extend beyond the bottom trendline.

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KashifN28959685
5 months ago
Hi, what can we expect from current level today at 1.38. This idea is to go long, at which bottom we are looking to go long from here. Thanks.
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ezodisy KashifN28959685
5 months ago
No longs at all for the next weeks. Please read what I wrote under the chart again -- it is not going to go up straight away. The news this morning was very big.
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