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elroytrader1
Nov 13, 2016 8:41 AM

$GBPUSD following pre-Brexit fractal? 

British Pound/U.S. DollarFXCM

Description

I have overlaid the 9m before Brexit (compressed) for two possible paths.

The blue (fast one) is more likely, it gives you the non-fat finger double bottom of psychological roundpoint 1.20 in December, perhaps as Trump fails to give the UK a 'special relationship' trade deal.

The red one gives you a longer map. Either way, GBPUSD may have topped for now.
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