GBP/USD - 1,30 incoming - awesome risk/reward ratio (once again) Long

British Pound/U.S. DollarFXCM

Description

⋅ Dec 3, 2018 7:26 PM

currently forming a double bottom at 1.27-1.275 with very nice entry point and small loss opportunity.

Entry point between 1.272 and 1.273

Target is 1.298 up to 1.30

Stop loss at 1.26775

Trade closed: stop reached

⋅ Dec 20, 2018 3:23 PM

Trend Analysis Wave Analysis

Comments

AlexKuptsikevich

⋅ Dec 4, 2018 3:36 PM

As for me, I stay short by GBPUSD:

Jamal92

⋅ Dec 3, 2018 7:37 PM

Have you not been checking out brexit lol. GBP is solely being dictated by brexit and its looking dire for the UK if they leave without a deal.

DK_Investment

⋅ Dec 3, 2018 8:33 PM

@Jamal92, if you take a quick look at my other analysis you will see I always check fundamental data. There will most likely be a second vote on Brexit. If UK stays in the EU it will push the British pound or not ?

DK_Investment

⋅ Dec 4, 2018 9:45 AM

@Jamal92, just check the big green candle ;)

Jamal92

⋅ Dec 4, 2018 3:34 PM

@DannyKadiric, I have and the situation is still the same ;).

Jamal92

⋅ Dec 4, 2018 3:39 PM

@Jamal92, Plus its looking sort of bleak now. Unless the fundamental changes.

Jamal92

⋅ Dec 4, 2018 5:38 PM

@Jamal92, ;) told you but I am long at the 1.267 level ;)

DK_Investment

⋅ Dec 4, 2018 6:32 PM

@Jamal92, I think we will see who is right in this case at the end of the week/beginning of next week. Price is still within this big triangle since beginning of November. Brakeout (in both directions) will give direction for next weeks. Looking forward to the end of this week/beginning of next week :)

SergioMontanoTYMIW

⋅ Dec 3, 2018 7:30 PM

lik e it