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EuroMotif
Oct 21, 2019 12:18 PM

GBP.USD heading into Wave-Ending zones: GU bounce done? 

British Pound/U.S. DollarFXCM

Description

As you know, GU has been on fire (good news about Brexit)?
But now is nearing possible End Points of this feel-good wave.
If it blows through both resistance zones plotted, then WOW!

$ 1.3024/030 is first resistance to watch.
$ 1.3080/978 is the next resistance of concern.
I have other zones above, but lets see these first.

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See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.

(pinpoint Entries/targets)
(just in time, quick 70 pips)
(massive profit, no drawdown)
(still in play)
(in time, to the Pip)
(perfect top, huge profits)
(the very tip-top a year ago)
(perfect entry, huge profits)
(Upthrust warning just in time)
(recent perfect entries)
(perfect short a year ago)
(exact top pegged)
(perfect entry, huge profits)
(recent perfect entries)
(Perfect entry, still in play)
(Prefect entry, almost done)
(Fib extensions at work)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

Comment

UK Parliament vote creating massive volatility again. Just pinged the first support ledge


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Comments
ridethepig
A very good chart...looks and smells a lot like exhaustion
FT_Lexicon
I'm betting on 1.31 to 1.32 is the good thing for short entry, but the trend is too bullish so i engage there some lots for short anyway :)
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