GBPUSD Selling opportunity
Hello traders,
Today we want to share our view of the GBPUSD.
The long-term cycle is bearish and we believe there will be at least one more swing low or, in other words, another bearish cycle. This idea has the target of taking profit from this bearish cycle,
There are two potential paths as we showed in the graph
1- Our forecast is that GBPUSD will have to make another high before reaching the green area (which is the expected target the corrective structure WXY should reach before turning down) and then, we will sell GBPUSD
2- Alternative path- The price will not reach the area and GBPUSD has already ended 4 and it will start this last bearish cycle before reaching the green area
In both cases, in the medium term, we expect GBPUSD to go down. Therefore, we can prepare in shorting the GBPUSD soon.
TRS team
Today we want to share our view of the GBPUSD.
The long-term cycle is bearish and we believe there will be at least one more swing low or, in other words, another bearish cycle. This idea has the target of taking profit from this bearish cycle,
There are two potential paths as we showed in the graph
1- Our forecast is that GBPUSD will have to make another high before reaching the green area (which is the expected target the corrective structure WXY should reach before turning down) and then, we will sell GBPUSD
2- Alternative path- The price will not reach the area and GBPUSD has already ended 4 and it will start this last bearish cycle before reaching the green area
In both cases, in the medium term, we expect GBPUSD to go down. Therefore, we can prepare in shorting the GBPUSD soon.
TRS team
Trading the Right Side team
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
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.