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MatTheCat
Feb 8, 2020 7:43 PM

GBP is going DOWN DOWN DOWN! Short

British Pound/U.S. DollarFXCM

Description

HTF GBP charts looking super bearish on so many levels. Given the protracted consolidation and failure, this bear trend may move fast. Trade shown isn't a realistic setup for the majority, but bound to be plenty of trend following opportunities on the move down (am already in one on LTF charts)

Comment

A) Not a Realistic Trade Box.
B) Shows you how these things never quite play out as you might expect
C) Shows you how the market will desperately run out the stops.
D) Shows you how the patterns that play out on LTF charts, don't differ a whole lot from those that play out on HTF charts
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