fximperija

Possible short after 67

Short
FX:GBPUSD   British Pound / U.S. Dollar
1
By looking at previous swings, a harmonic ratio exists between them which shows that PA getting close to major TL and just touched the 113 fib. ext like it did on previous swing high. So, if market respects harmonics the next PA behavior should be bearish, at least to test the previous res. high as support. I'd rather think it might ret. a bit more to 23.6 as there's a minor sup. or to 645 as major sup. in order to get higher and cont. strong up trend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.