Posts Tagged ‘gbp’
The British pound last week was extremely bullish across the board.
Before the spectacular run up of GBP, I’ve detected an AB=CD pattern in the 4-hour chart which is confirmed with an RSI BAMM setup. With these two patterns, the probability of a reversal is high.
I went long on the British pound last week [...]
We seem to be coming closer and closer to re-testing previous lows on all major pairs. Lets take a long term view of the charts and see where the price might go if we do break recent lows.
The EuroDollar downtrend has unfortunately broken all long-term trend lines. Thus, a better way to see where it [...]