Storyline: GU is currently in a bearish condition and has been that way for a minute. Basically the whole year so far. Last week price action initiated a sell for the continuation of the trend. Price is currently moving off a weekly OB and headed for 1.03720 which is the -sell side liquidity that lies below the previous range swing low. Follow for...
yesterdays H&S was valid, so I expect further move down, price can test green line, overall I'm in SOER mode on 1st tp is blue line, but overall I expectprice to drop down to bottom line of the triangle. Link for the previous idea is attached down there. Good luck. Pluss I have small telegram chat where post instant updates for my charts: t.me Un es esmu...
GBP SHORT - Weak pound due to BREXIT - More upcoming uncertainty with the brexit date on the 29th - Trade war in the US creating uncertainty on global demand hurting UK exports (excluding financial sector) - Trade surplus likely to increase during the fall in demand - Possible upcoming Austerity in the UK This is my view of the GBP in the current market state,...