We are in a phase of retreacement of the gbpusd. Don't be fooled by the great bearish movement because the great movement in the medium term is very bullish. It's recommended to wait for buy signals (It's predicted that within this week it should already be giving bullish interest)
Remember ,wait for the bulls to apear and we are goingo to arm this pair. We are seeing this pattern since a week and we are recomendig long positions because we were waiting for a small retracement before reaching the actual value, but now the pattern is almost complete!
As you can see in this chart the expected TP means a lot of pips for us!
I'm with you here buddy. 1.35 is far too cheap for £/$ how can anyone actually work in those conditions. Back to 1.40+ at least I think easily 1.50 in mid/long term
MaximilianoBattafarano
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@RJHumphries,
Yep, i completely agree with you. The only thing that matters is that the market always take us to the limit, tries to make us feel confused about our analisys and predictions.
That´s wy we need to be consious about the risk and laverage of every operation we make!
JRFreeze
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@MaximilianoBattafarano, Ahhh that's what it's doing!! Been doing it pretty well too. My word. I do hope we have hit the limit and are now going to stop playing silly buggers. There are a hell of a lot of pips between here and 1.50!