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

Serse
10 months ago
Do you think now us still a good idea or so?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out