Long

UK vs USA The Battle Of The Falling Economies

7 hours ago

7 hours ago

This is like 2 all time great heavyweight boxers going at it when they are 70 years old, both were once great and on top of their game, giants in the field but now they have fallen and are unrecognisable. This perfectly explains the UK and USA economies at the moment, both are weak and failing, falling further into the black hole.

Trading to weak currencies against each other can cause some nice volatility though, this is where we can print that money (a bit like the FED) haha.

So as explained on the chart i am expecting a push up (GBP strength) to the 1.24000 level which has been very well respected previously as shown in March 2018 and June 2021 by touching in our resistance level before falling massively both times! Moving nearly 4000 pips in June 2021!

Once 1.24000 has been hit the push down i am looking at is to 1.20000 which is a 2200 pip move, obviously this wont happen over night so you have to have patience and NOT OVER RISK!

Let me know your thoughts on this trade and if you would like to join my free community just ask.

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