BRITISH POUND CAN CHANGE THE DIRECTION OF THE TREND???
Updated
Many technical analysis things show to us that bearish trend can stop so soon of even here.
We can open BUY with 2 scenarios:
1. Above Support/Resistance Zone near 1.21000.
2. After retest of 3-Years Low 1.19048.
Gross Domestic Product in United Kingdom grows every year from 2010. More detail information you can read on different web sites.
Here you can see the evolution:
Date Annual GDP GDP Growth (%)
2018 2,828,640M.$ 1.4%
2017 2,639,970M.$ 1.8%
2016 2,669,110M.$ 1.8%
2015 2,897,060M.$ 2.3%
2014 3,036,310M.$ 2.9%
2013 2,755,360M.$ 2.0%
2012 2,677,080M.$ 1.4%
2011 2,635,800M.$ 1.6%
2010 2,455,310M.$ 1.7%
I hope my observations will be helpfull for you! Also you can share your ideas and thoughts under this post. We can discuss all this technical figures and make correct dessigion together!
If the price will rise up from this place it can be start of bullish trend with huge pitential.
Potential profit will be in 5...10 times bigger than risk.
Keep calm and make a predictable trades!!! Good luck!
We can open BUY with 2 scenarios:
1. Above Support/Resistance Zone near 1.21000.
2. After retest of 3-Years Low 1.19048.
Gross Domestic Product in United Kingdom grows every year from 2010. More detail information you can read on different web sites.
Here you can see the evolution:
Date Annual GDP GDP Growth (%)
2018 2,828,640M.$ 1.4%
2017 2,639,970M.$ 1.8%
2016 2,669,110M.$ 1.8%
2015 2,897,060M.$ 2.3%
2014 3,036,310M.$ 2.9%
2013 2,755,360M.$ 2.0%
2012 2,677,080M.$ 1.4%
2011 2,635,800M.$ 1.6%
2010 2,455,310M.$ 1.7%
I hope my observations will be helpfull for you! Also you can share your ideas and thoughts under this post. We can discuss all this technical figures and make correct dessigion together!
If the price will rise up from this place it can be start of bullish trend with huge pitential.
Potential profit will be in 5...10 times bigger than risk.
Keep calm and make a predictable trades!!! Good luck!
Note
2nd scenarioNote
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