British Pound Currency Index

TVC

BXY (Derived Data)

WE HAVE 2 SCENARIO 1- FLAT 2-ZIGZAG IF SCENARIO 1 IS CORRECT = FIRST ABC WAVE IS COMPLETED AND WE WAIT FOR ABC WAVE UNTIL START WAVE A IF SCENARIO 2 IS CORRECT = WE HAVE 5 WAVE NOW AND SHOULD WAIT FOR COMPLETED 5 WAVE

GBPINDEX

We are currently in the corrective phase Price is completing Wave A Wave A will be either the leading triangle or a 5 wave (impulse) I see up trend for this chart

WE HAVE 2 SCENARIO 1- FLAT 2-ZIGZAG IF SCENARIO 1 IS CORRECT = FIRST ABC WAVE IS COMPLETED AND WE WAIT FOR ABC WAVE UNTIL START WAVE A IF SCENARIO 2 IS CORRECT = WE HAVE 5 WAVE NOW AND SHOULD WAIT FOR COMPLETED 5 WAVE

- Daily: + Head & Shoulder occurs at wave 5 Elliot. =https://vn.tradingview.com/chart/BXY/FcQtLb3U/]https://vn.tradingview.com/chart/BXY/FcQtLb3U/ + MACD divergence. - H4, H1: + Indicator: MACD, RSI has a strong buy. + Price channel is broken.

MANY of the major currencies are close to breaking their floors. They have no real support after this collapse... This makes the USD incredibly stong (NOT a good thing) Only do to the fact that it is the global reserve and every other currency is in free fall... BE CAREFULL, BE PROFITABLE!

WAIT FOR BREAK DOWN TREND LINE

According to the analysis above, we expect the GBP to see bullishness at the area highlighted, we will search weak currencies to sell against the pound. Trade with care.

GBP INDEX

GBPBUY

still in a sell signal, wait a buy

BXY RSI BULLISH divergence

Technical View

Detail in the chart have a good trade day

Update the G index 17/07/2019 D1 frame: about to complete shark model, MACD and RSI all have bullish signals Frame H4: MACD and RSI also show signs of reversal, nearly completing the elliot 5 wave The highest peak has not been tested again hoping to test the top of the bulb again

bxy

We should expect for a long run !

#BXY #GBP