ridethepig

ridethepig | Fading The Highs In GBP!

Short
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
With Javid out Johnson had the perfect cherry pick with Rishi Sunak and now the fiscal taps can be turned on full. This medium-term swing is starting to look very interesting which is unlocking a leg towards 1.20xx and 1.15xx below:


Rishi is a typical yes man, he will do whatever Johnson wants. Those behind the curtain know it was another flawless beheading from Cummings, meanwhile a ruthless Downing Street only waiting for Carney exit on 16th March to have full control with Bailey too.

Eyes on NY selling the open, we could get a very fast swing down is USD catches a strong bid via coronavirus risk. US inflation overshooting will be enough to carry this lower.

Thanks guys for keeping the likes and comments coming, jump into the discussion with your charts below!
Trade active
Comment: For those in GBPJPY
Comment: Eyes on GBPUSD for the open...
Comment: Nothing to see until the London close, focus starting to shift towards Brexit talks beginning 1st March. Tracking 1.288x for the beginning of negotiations.
Comment: We might get the break today...If Tokyo want to play along we can break down early this week
Trade closed: target reached: 1.295x First Targets Cleared...
Trade closed: target reached: 1.285x HIT! ...Well done sellers!
Comment:
Comment: Almost there...
Trade closed: target reached: 1.275x TP HIT!
Comment: Heavy selling...

Comments

Hallo I don't follow the graphs are for February 13 th ???
Reply
ridethepig DanielLubbe
Hi @DanielLubbe, indeed the shorts started in Dec 2019
Reply
DanielLubbe DanielLubbe
@DanielLubbe, OK I see on the GBP/USD your final target is 1.27500 and then it starts to climb again We are today not far away from the final target.In other words the big fall has actually come to turn around and the trend line will rise again
Reply
Looking to long around 1.288-1.29 with stops below the structure.. Looks like a nice bat pattern is setting up. Nice chart btw

Reply
Excellent with a reasonable look
Reply
ridethepig ymz1376
Thanks @ymz1376, the levels have been working well here for sellers.
Reply
It started !!!
Reply
ridethepig MissLenoir
Indeed @MissLenoir ...right on time
+1 Reply
ridethepig ridethepig
We got there in the end...
Reply
Thanks for a well illustrated graph Let's cross fingers Good luck
Reply
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