ctombm
Long

LONG THE QUEEN SHORT THE DEAD PRESIDENTS

FX:GBPUSD   British Pound / U.S. Dollar
136 1 2
LONG USD! KING DOLLAR! Hmm Maybe It's a bit too late
This has been a good play in recent years but after the recent rate and the instabilities within the US economy.

We see there could be a possible devaluation of the dollar to maintain stability or (If it gets really bad) a rate cut and QE4 being implemented.

The reason why LONG GBP is a good play is because the BoE would like to start their very own hiking cycle, now if we see problems occurring with the US before this the BoE will be in a better position to normalisation.

Using the Descending Triangle for a entry
Entering around 1.48535
Targeting 1.59473

Do you think now us still a good idea or so?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out