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Ivica_Matic
Oct 25, 2020 10:51 AM

GBPUSD-MN1 

British Pound/U.S. DollarFXCM

Description

if you want know which direction gbpusd is targeting, just switch on monthly time frame. there all is clear. throughout history of this pair we had 6 critical moments and always biggest fight in zone 1.3500-1.4000. we are witnesses now 7. critical moment. price needs cross this huge rectangle and monthly red trendline for first time after 2007.year for confirmation of this potential double bottom. RSI-14 already is showing bullish divg. tons and tons pips ahead of us in next several bullish years 😉 can you imagine how deep dollar should fall in next several years?! dont bet on serious rise dollar, at least 4-5 years.
Comments
VincePrince
I see it similar, there is a important possible bottom forming.
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