BXY making header & shoulder, so I think it going to short.
British Pound has been in a free fall since 2008. A year a ago (January 2017) it started doing a retrace and pulled back to the fib level. It didnt manage to establish itself above the fib level forming a double top. Now it started falling again. Expect a significant drop (the size of double top formation - from neck to top) when it breaks through a yearly...
I have made analysis on GBPUSD before... and DXY analysis too...and it looks like BXY is going up DXY going down , so GBPUSD going up. Please refer to below link i have provided for more information...
BXY - GBP extremely Bullish - High risk reward trade
eurgbp look like a perfrct short acsending triangle consolidation breakout retest 61% FIB structure breakouttt
gbpusd going to 36 point breakout downtrend create new high point
perfect entry for gbpjpy breakout consolidation create new HIGH trendline take profit around 153.000 or 153.500 (100pips & ++)
this is why i sell gbpusd and gbpjpy gbp will go down for next 24hours
Can we keep the pound contained within its bearish channel? If so, expect some powerful bearishness. Only bullish above recent highs.
Good morning traders, The DXY is the most common analysis of the USDollar but there are other symbols for other currencies. From the chart I´ve created you´ll find historical strenght of a specific currency vs others, not a single one like EURUSD . We can learn when to identify major shift trends I hope it helps, if you like thumbs up :-) Feel free to...