This article is a tradable summary of all of the indepth GBP$ analysis i have done recently - I aim to give you a conclusive opinion and trading plan. SEE PART 2 ALSO I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense In a nutshell i am heavily short GU, about 8-9/10 @1.44/5 (@1.41 only 2/10) -...
On the 1D time frame, a strong positive correlation relationship emerges - where previously on the 4h time-frame the correlation looked relationship-less and "noisy". However, looking back at the Daily correlation over the last 2-3 years for GU and EU one noticeable and significant trend emerges - A steep fall in correlation, either from positive-lower...
Unknown quantity just repriced GBPUSD right into my sell limit zone of 1.45-1.465 (see attached article). Im recommending getting on the cheap risk NOW as FOMC and BREXIT REF can only price GU lower in the coming days/weeks - get it now whilst its cheap! IMO there are 2 things it could have been 1. Algo/ flash buying 2. Some asia-lead Brexit poll that came back...
GBPUSD is making lower lows in recent time and slightly moving up in consolidation forming bearish flag pattern. The breakout can happen in two scenario's, 1) the smaller channel marked on verge of breakout, so GBPUSD can move straight down from here & We have Double top also which is good resistance zone 2) Can pullback upwards to retest the upper trendline...