July 29th
GBPUSD fell into the absolute bottom of its' range due to political speculations.
GBPUSD quote 1.223, buy target 1.255 for a 2.6% difference and a 3-30 day or 1-6 months time frame.
USD alternatives to short likely adequate too, in the longer-term, though 1-week and 1-month time-frames (refer to US Dollar Index) suggest probable downside in the USD nearly across the board in the Forex.
GBPUSD fell into the absolute bottom of its' range due to political speculations.
GBPUSD quote 1.223, buy target 1.255 for a 2.6% difference and a 3-30 day or 1-6 months time frame.
USD alternatives to short likely adequate too, in the longer-term, though 1-week and 1-month time-frames (refer to US Dollar Index) suggest probable downside in the USD nearly across the board in the Forex.
Trade active
August 16th, 18 days after original post. Time to double, 1.215, before 1.223, new average 1.22.
Trade closed: target reached
Target reached in 3 months, within 6 month intended duration. 2.8% gain.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.