TECHNICAL:
Reason 1:
-Possible descending wedge pattern forming indicating possible bullish reversal? Comments welcome on wether this actually is a descending wedge or not, my pattern trading needs some more work.
Reason 2:
-61.8 fib level coincides with bottom of descending wedge pattern, confluence?
Reason 3:
-61.8 fib and bottom of ascending wedge pattern is at similar previous level of support seen end of june 2016 and August 2017
FUNDAMENTALS:
PERSONAL THOUGHTS:
-May come further down to the 61.8 fib level coinciding with the previous level of support and descending wedge pattern. I beleive it may then break out to the upside as the daily chart is drastically oversold and the geopolitical tensions e.g north korea, China/EU/India trade war, may start to negatively affect the USD soon therefore giving GBP a boost
**Appreciate thoughts and comments, constructive criticism only please!
Reason 1:
-Possible descending wedge pattern forming indicating possible bullish reversal? Comments welcome on wether this actually is a descending wedge or not, my pattern trading needs some more work.
Reason 2:
-61.8 fib level coincides with bottom of descending wedge pattern, confluence?
Reason 3:
-61.8 fib and bottom of ascending wedge pattern is at similar previous level of support seen end of june 2016 and August 2017
FUNDAMENTALS:
PERSONAL THOUGHTS:
-May come further down to the 61.8 fib level coinciding with the previous level of support and descending wedge pattern. I beleive it may then break out to the upside as the daily chart is drastically oversold and the geopolitical tensions e.g north korea, China/EU/India trade war, may start to negatively affect the USD soon therefore giving GBP a boost
**Appreciate thoughts and comments, constructive criticism only please!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。