ChrisHoang

Will history repeat itself?

OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD Monthly view, there is about 2 more weeks before the month ends, will this Sept bullish looking candle turns out to be a break down one at the end as the June 2016 candle? I may not be selling right now but for sure I am not going to buy. Comparing this chart versus the EURGBP chart, it will become clear that when GBPUSD moves down, that should be when EURGBP current pull back (correction) is over and resumes its uptrend. It is also possible that the GBP may breaks the upper channel line toward 1.4 level (another 60 pips) before resumes its downtrend. (bull trap). Will see what happens next week.
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