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British Pound / U.S. Dollar
Long

GBPUSD Long Term Swing Trading Idea 17-th July 2019

By TradingTie
Updated
In the next three weeks, our expectations are for the British Pound to bounce back.. The pair made lower low by breaking the bottom, but on a weekly time-frame, we're predicting the close price will be above January's low. By Elliot waves we are definitely in impulse last phase of a trend. Timing and cycles show the end of the trend is near. The signal is powerful without intention for a range ahead, waiting for a trend impulse. High risk-reward ratios with 7 precondition factors for the entry.

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