About meCanadian based trader, currently approaching 6 years experience. Looking to educate and give insight to those looking to learn. Send me a PM with a question regarding trading and i will surely try to answer it as best as possible. Thanks!
GU has hit a nice pullback fib of 38.2 which means if this sustains, downward momentum is still very strong. Now we may come back to the lows around 1.3 which will give us a nice 50 pip profit. from here we can either continue down for another 50 pips to 1.2950 or we could see GU stay range bound until a clear break which in my opinion is to the downside at the moment
GBPUSD has had a strong move to the upside as a deep pull back from strong bearish momentum Post GBP election. Pull back has hit 61.8% fib precisely and is starting to stall. Prediction is a continuation to the downside from current P.A, after having a strong move into this area with good momentum.