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RlcTrading
Sep 14, 2020 9:35 PM

Gbp/Usd (Why Im Expecting A 4hr Double Bottom) Short

GBP/USDOANDA

Description

At 7:00am British Time , 2:00am here in the states
Gbp Claimant News says that more people asked for government benefits last month, than the month before.

Forex Factory says from 94.4k to 99.5k

Forex Factory Expects the Unemployment Rate numbers to go from 3.9% to 4.1%

Forex Factory says Average Earnings went from
-1.2% to -1.3 Percent.

So I believe that GBP/USD will slowly fall now.
I believe news will push it into a double bottom type pattern. Then I believe either during London Session , OR NEW YORK SESSION (very likely) .... that GBP/USD will start moving up again to start its new wave up that im expecting due to something called wave analysis.
Comments
transparent-fx
very possible to see a short term move down on gbpusd, it's all bearish at the moment on the daily
RlcTrading
@transparent-fx i bought during london last nighy and closed this morning around 10am here in the U.S.
ShannonRae
Exactly
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