Alexander_Harford

πŸ‡¬πŸ‡§πŸ‡ΊπŸ‡Έ GBP/USD to continue its pullback!

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
πŸ‡¬πŸ‡§πŸ‡ΊπŸ‡Έ GBP/USD is pulling back from the Top trendline of the Broadening Wedge . The Upcoming bearish cross of 20&50 ma , together with the possible swing at the ROC suggest that we are likely to see the decline of the price.

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Comments

I like the idea and would go for it.

The problem actually with every GBP pair is: BREXIT.

Any positive Brexit news could make any TA obsolet in a matter of minutes :)

That's the only thing I'm worried most, including the high volatility during the holiday and new years eve which could make things even more explosive.

Cheers and thank you!
Reply
Alexander_Harford herooftheday77
@herooftheday77, totally agree with you. It is up to an individual whether to take into account news while setting a trade.
Reply
herooftheday77 Alexander_Harford
@Alexander_Harford, or some crazy moves related to US jobs and goods data ..... %-)
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