Will GBPUSD start moving downwards from the November high?
The GBP is moving full steam to November high. There is a bat pattern that has been created but I am not convinced this trade is valid at the moment.
What I would like to see is a smaller pattern to short will happen next week to short GBPUSD. This is shown in green. If the November high is broken then the 1.2575 level will become a strong support.
Keep a sharp eye on this level. If this level holds, we maybe in a big short for GBP for about 400 pips.
What I would like to see is a smaller pattern to short will happen next week to short GBPUSD. This is shown in green. If the November high is broken then the 1.2575 level will become a strong support.
Keep a sharp eye on this level. If this level holds, we maybe in a big short for GBP for about 400 pips.
Note
The reaction was quick and violent. I will wait for a pattern to be created with 1.27 as Point X.Ordre annulé
There is no pattern established so this trade is cancelled. Will look to go long next week with the trend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.