TerryHarmonicTrading
Short

GBPUSD - Weekly Chart Analysis

FX:GBPUSD   British Pound/U.S. Dollar
Hey guys, this analysis is done upon request from some of you.

I will highly suggest not trading the pound for the next few weeks.

No clear direction unless I zoom all the way out on the weekly chart.

This is probably a timeframe that most are not accustomed to trade on, stops and targets are huge!

Just sharing my view.

If the pound does a fierce deadcat bounce from 1.24 to 1.35, that is where probably you could execute a trend continuation trade to continue shorting it.

In the shorter timeframe, I don't see any setup that I can execute on, highly suggest for you to look at my other trade ideas to trade on.

Have a great weekend guys!
thanks a lot Terry. do you it is a valid bullish deep crab in monthly chart? of course, this is quite a long term view and might not be good for trading.
Long GBPUSD, bullish deep crab

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I seldom have success trading the crab and I have removed it out of my commonly used trading setups.
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pipstrading TerryHarmonicTrading
thanks for sharing. Harmonics really look powerful.
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Do you think, it will bounce this week?
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I am not sure and I am currently removing gbp from my watchlist. Easier trading opportunities on other pairs. Do u happen to be holding on to gbp?
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