On July 2017 I published the long term risks associated with the British Pound once we would reach the pre-Brexit USD fx rate. Nearly 1 year later we are now in the pre-Brexit zone. I think late spring/early summer will reignite the bearish trend lower. I am not short yet. I am waiting for a break of the curve or high 1.40s (>1.47).
July 2017
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Price is now resting on the curve. tradingview.com/x/ I am prepared to short if the right price action signals it.
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daily confirmed
weekly confirmed
Short from 1.4120
Trade active
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+1100 pips so far.
Trade closed: target reached
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Profit taking time. Closing shorts, now looking for longs.
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Beautiful reversal from targets. Went long at 1.30xx