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?
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