GBPUSD W1 - BLACKSWAN (SHORT)
Updated
GBPUSD Seems to be going short for the next coming week... or weeks it's currently setting up for a BLACKSWAN where its touching a possible resistance zone. The resistance zone doesn't seem like a very strong one however its currently in position at a 38.2% retracement in the market and its touching a MAJOR trendline in the market. The trendline has made 2 touches before but currently in this situation with such confluences at the moment it's likely to be very probable. The GBP pairs seems as though they're gonna make some major drops at the end of 2019 and the opening of 2020. Who knows it might last a couple of days weeks or months but set your targets and get in for some shorts! If your analysis says otherwise then by all means go long because i can be wrong. Nothing's guaranteed in these markets!
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I've had approximately a 70% Win rate trading BlackSwans so it might be worth considering.
Love my idea and looking for a reliable broker to trade?
Join Exness now! At Exness, you'll get some of the lowest spreads on the market, but that's not the great part. You'll get INSTANT WITHDRAWALS. This means no waiting for the broker to process your withdrawal or any BS! Join Us NOW! exness.com/a/tgfaugfa
Join Exness @ exness.com/a/tgfaugfa
Check Out our TrustPilot! - 4.5* Rating!
trustpilot.com/review/exness.com
Note
To add to this, this week's candle did not close above/break the trendline so i guess now we just wait and see what happens next week!
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