ridethepig

Weekly update for GBPUSD, Brexit is at the door

Short
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Those who have been following the latest Pound trades will know we are already on the sell-side here.

Here is the latest wave count on the weekly chart, we are playing the range set between 50.0% - 76.4% of the retracement leg since the January 2016.

Dollar strength is coming via yields so we have large money on the move here, the leg will be fast and furious.

Please leave a like and check out the other trades on the Tradingview portfolio.

Thanks and good luck!
Trade closed: target reached: Flawless.. well done all who caught the entire move! A textbook example of how to swing trade and serious contender for trade of the year.

Related Ideas

Comments

Gbpusd Rate 1.2816 as continuation lower low trend price ready to head lower target 1.2359
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great
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On the GbpUsd Rate at this stage with 1.2183 as current reversal bar level already broken at a return-low and now Price is at 1.2120 at a short term pullback - I find that the Rate is well oversold and due for a Price Change in Direction and that further increases in Pricing is set at 1.3694 as pre-estimate this will cover the monthly chart Range Pattern to higher outcomes. Check it Out.
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UK has gone from the 5th largest economy to 7th in under two years.
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It's crazy to see how far down it has gone. It's like someone or some group is trying to destroy this currency.
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Great setup and call as always.
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c) Good stuff, thanks for sharing! Would appreciate any feedback you have on our idea:

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Double bottom with Dec 31st low? Looking for a reversal as seasonals allow GBP to overpower USD around this time.
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