Pipphenes
GBPUSD How Low Can We Go?GBPUSD has been something almost everyone has been eyeing up the past few weeks/months.
Here’s our top-down view:
-Monthly: - (Monthly, with weekly levels)
-Weekly Zoomed Out: -
-Weekly Closer Look: -
We are reaching the original reversal zone (purple), *note that usually these zones have a middle that is met (blue dashed line) these are often met. However, if you look at the bottom black weekly (lifetime) trendline (very strong) we could be meeting this level before the reversal occurs. This level would be roughly 300pips away yet.
Now the red dashed line is the wick to wick trend (lifetime from the weekly chart) So we could certainly see the wick tap that level, perfect level for entry.
^Note this is all a longer-term outlook. This will likely be 3-8 weeks away yet.
-Daily: -
This is where we see the original zone come out (purple) and the price is already reacting to it.
Long story short: We are looking for long entries right now, with the potential for a short depending on what story the candles tell us.
BUY MGI at under $4 while you can! MGI will be one of the best-performing stocks over the next decade.
Please write this down and put it in your calendar for 5 years from today.
MGI will withstand the next market recession, MGI will return to ATH in our opinion.
When you understand what MGI is going to be doing in the near future with the Ripple Partnership you would understand this is a MUST BUY stock.
BXY (among others) be scared... Cliff fall is entirely possible.MANY of the major currencies are close to breaking their floors.
They have no real support after this collapse...
This makes the USD incredibly stong (NOT a good thing)
Only do to the fact that it is the global reserve and every other currency is in free fall...
BE CAREFULL, BE PROFITABLE!
