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Olu
May 22, 2017 7:12 PM

GbpUsd: A Retracement Might Be In Store Short

British Pound/U.S. DollarFXCM

Description

Comments on the chart. Please note that this a counter trend trade not my usual type of trade and it might be better to wait for the trend line break before attempting to sell

Comment

Idea is working better than expected. The election issues here in UK is said to be the reason for the fall.
Comments
Crixtade
Now it's clear. Opinion was bearish on the 8th of May but tuned bullish due to Macron and turned bearish again due to bombing funny...Though I am a complete chartist
Crixtade
I like your analysis Olu...nice work brother. Nevertheless i am keeping an eye on 128441, my bias is long until this is broken. I also anticipate EU short soon and till then this GU pair might just continue the whipsaw
Olu
@CrystalS, we are almost there...
ploskyx3
Olu
@ploskyx3, i see your point
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