ChrisMoody

Potential 1000+ Pip Move Setting up on GBPUSD!!!

FX:GBPUSD   British Pound/U.S. Dollar
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4apprentice08
2 years ago
One thing to take into account and watch out for is the HUGE rising wedge since the top of June 2013 and bottom of July 2013, which is a bearish pattern.
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ChrisMoody PRO 4apprentice08
2 years ago
Great Point...Obviously at a major resistance/support level there is a potential for for that level to hold and create a move on the opposite side...

I started to create the post...something came up...and I just needed to get it out so I didn't show both sides....

So thanks for the comment...you are absolutely correct............
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4apprentice08 ChrisMoody
2 years ago
Also, one target for down move is around 1.58-1.59.

Either way, looks like GU poised for 1000+ pips, up or down. We'll have to see where the market wants to go.
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