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Distributtionzone

Sterling Pound could be strenghten in mid-term benefited BrexitThe UK Government it's seem in the pass weekly that the country is ok in the Brexit negotiations and slowing cases of recover in Great Britain. Watching the weekly, we could see a good opportunity to put in short in Euro to buy Sterling in weekly timeframe to pick down near of 700 pips, that is an incredible earns and to earn money in this par if you invest in the par Euro/Sterling Pound. Watching in this par, we see that Euro is weakness and we are in this simetric triangle, also that in Daily we are in the simetric triangle and we are in the consolidation zone from 2016 that this mean a possible distributtion zone., and the price is could be to see a change of trend, that is a warning of us that Euro want to change the trend agains the Sterling. But, looking if the par is Bearish, so the GBP/USD is bullish about the UK news. Finally, in Daily we see another panaromic, we see in Daily that we are in the simetric triangle, but in the pass was an bullish channel and then, this mean a distributtion zone to sell Euro. That zone is the market's cycle that we need to know.
Short
by harisonhbn9718
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