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!
Harmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
4 months ago
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

TerryHarmonicTrading pipstrading
4 months ago
I seldom have success trading the crab and I have removed it out of my commonly used trading setups.
pipstrading TerryHarmonicTrading
4 months ago
thanks for sharing. Harmonics really look powerful.
4 months ago
Do you think, it will bounce this week?
TerryHarmonicTrading dalvideepak22
4 months ago
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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