Closed my long term position on the GBPUSD yesterday with an 800 pips on my GBP analysis which i posted a month ago. I believe we might be getting a retracement from here on out. It's better to be on the same side. Keeping your profit by not trading is also a good strategy to success in forex. Congratulations to all my followers!!! Happy pip fishing!
jacoblnrgnのブログ
The unbelievable about GBPUSD
Trend is bearish here, but GBP is not at oversold. Right now market has reached strong support area, Yearly Pivot support 1 and major monthly Fib level. Monthly chart give us just single AB-CD pattern with nearest target at 0.618 extension – 1.3088. Currently 1.30-1.31 area looks unbelievable, but if we would suggest parity on EUR/USD and starting rate hiking cycle in US – why not? Still, this is very long-term picture and right now we’re mostly interested in reaction of the market on current su…