SignalSwiss

GBPUSD: Rebound continuation

FX:GBPUSD   British Pound/U.S. Dollar
570 4 18
Nothing has changed with respect to our main analysis, this movement should be interpreted as a technical rebound, so our expectations are yet to see a second bearish leg.

WEEKLY ANALYSIS
(Click & Play Chart)
GBPUSD: Our Weekly Monitor
.

GBPUSD: Weekly Outlook

If you think that all of our work deserves your "I Like", we thank you!!

SignalSuisse
TRADING ROOM
WebSite: http://www.tradingswiss.com
Broker: https://goo.gl/LGQ56W

SOCIAL CHANNELS
StockTwits: https://stocktwits.com/SignalSwiss
FaceBook: https://www.facebook.com/TradingSwiss
FB Group: https://goo.gl/oAXwZR
If the scenario you have put forward plays out the pair will have put in a lower high followed by a lower low, that is extremely bearish a classical Dow theory type short position yet you suggest only considering going long. Could you explain your thinking?
Reply
Hi Steve, my opinion is expressed in the analysis, at the same time I share your idea (Dow), but the trading is done by "choices" .... :)
+3 Reply
Agreed, the price action on the previous leg down looks incomplete, from an Elliott Wave perspective and also, I don't expect the market to move too wildly before NFP. Going by the chart, the next leg up should be considerably strong, and this is clearly not it, no fundamental backing for such move 'YET'.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out