Weekly update for GBPUSD, Brexit is at the door Short

British Pound / U.S. DollarFOREX.com

Description

⋅ Mar 3, 2019 9:30 AM

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

⋅ Jul 29, 2019 4:08 PM

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.

Comments

UnknownUnicorn5176330

⋅ Nov 12, 2019 11:29 PM

Gbpusd Rate 1.2816 as continuation lower low trend price ready to head lower target 1.2359

Laurentbakiu

⋅ Aug 4, 2019 10:42 AM

great

UnknownUnicorn5176330

⋅ Aug 1, 2019 10:30 PM

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.

upwards

⋅ Aug 1, 2019 10:03 PM

UK has gone from the 5th largest economy to 7th in under two years.

kardia

⋅ Jul 30, 2019 12:08 AM

It's crazy to see how far down it has gone. It's like someone or some group is trying to destroy this currency.

qureshi009

⋅ Jun 24, 2019 12:09 PM

Great setup and call as always.

FXCM

⋅ Jun 24, 2019 7:11 AM

c) Good stuff, thanks for sharing! Would appreciate any feedback you have on our idea:

Deep-Peat-Shark

⋅ Jun 21, 2019 10:25 PM

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