The pair reached the top of the channel and I am expecting 50% pullback before it may brake the channel above. Pair also bounces from the resistance 1,3900 and strong last week and current pivots therefore it will be difficult to brake it further. OBV is below the 200 EMA which gives negative sign here. GBP economic data was quite week this week so I see no sense...
Hello traders, it is another week again to make more money this is the current view on GBPUSD 15 min chart but the daily chart is showing a high sell trends so let's keep the daily chart trend in mind but for sure let's make some money today with the 15min chart.
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Selling has reached extreme level on H4 for GBPUSD. Any more selling pressure will see cable reverse for a short term rally. Risk - Daily is still more bearish and a rise in price towards 1.30502 can drag price back to 1.29
be careful, Gu more falling. it will be a more more big falling near brexit news. The Scotlandia want independent without waiting the brexit from eu. What happened in fundamental reflected in my chart.. it simple. at morning im open sell and i'm profit 60 pips and still make more profit.
Be careful there is GU bullish trap.. it look like going up.. but after that will crush very deep
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Brexit bill timeline:
Members of the House of Lords hold a two-day debate on the bill. Peers can raise concerns about possible amendments, although they won’t be voted on at this stage.
Feb. 27 and March 1
This the committee stage when proposed amendments are discussed in more detail.