WaveWizzard

GBPUSD - possible counter chance?

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Huge Volume Increase while possibly drawing an inverse head ´n´ shoulders.
Could just be some more confusion and irritation..I still will have a look on this.
What do you guys think about the British Pound at all?
Even tho there are not any good news expected from the UK in the near-future, I could expect some surprising movements in their currency pairs. This perma bear sentiment for the next decade seems kinda ´too easy´ to me.
The big banks might flip the coin at some point.

When it comes to spot Forex ..In most times its better to be on the minority than on the majority. Might be a lucrative counter trade for the next year.. Definitely gonna look how this works out. especially how the price will react at our potential right shoulder.

Stay tuned for some updates.

Ask Whatever you want.

Stay safe out there.


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