A while back, I posted a chart indicating the monthly trend in 
GBPUSD was reversing to the upside, the bottom pattern evolved into a larger basing structure and is now taking off, finally, when markets started pricing in rate cuts around the corner.
The risk from here is very modest compared to the potential upside, and we can maintain a long position in this pair for the next year and a month, which makes it more efficient, tax-wise.
Best of luck!
Cheers,
Ivan Labrie.
GBPUSD was reversing to the upside, the bottom pattern evolved into a larger basing structure and is now taking off, finally, when markets started pricing in rate cuts around the corner.The risk from here is very modest compared to the potential upside, and we can maintain a long position in this pair for the next year and a month, which makes it more efficient, tax-wise.
Best of luck!
Cheers,
Ivan Labrie.
Note
Note
And the top before that...
Note
Good momentum as seen by expanding Bollinger Bands here...
Trend is active, should be patient with this.
Note
Weekly offered a good cue for the trend reversing.
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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.