traderWgun
Long

My view of the GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
221 2 0
I see that many people are bearish GBPUSD             , calling for 1.43 and 1.35 long term.
I, for one, isn't. I'm already long EURUSD             from 1.2800:
EURUSD fractal - weekly

and looking to go long against GBPUSD             1.5270 ( double top resistans).
A break above 1.5400 should change the bearish sentiment.

If 1.5280 is taken out, look for 1.5030 to keep bullish basis intact.
The hammer on the monthly chart is a very big deal.
Target is 1.5800 for now.
I will update this idea many times in the coming weeks.

Of course the major trend is down, so be careful,
but I think there is good potential for the upside.

Here is a chart with levels:
snapshot
i agree with this nice triangle :) but iwill close my order at 5700
Reply
triangel, a breakout should target 1.5400 and 1.5500 (50fib from the drop at 1.5800)
snapshot
Reply
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