GBPUSD: BoS, weak GBP, strengthening USD
I'm expecting a big collapse from this pair over the next few weeks.
I'm seeing a Break of Structure on the lower timeframes, with 1hr retest.
GBP data shocking and certainly indicating recession, USD not looking like a recession. Heightening global conflict could also lead to a stronger USD.
I'm going short on this pair, first target 1.255.
I'm seeing a Break of Structure on the lower timeframes, with 1hr retest.
GBP data shocking and certainly indicating recession, USD not looking like a recession. Heightening global conflict could also lead to a stronger USD.
I'm going short on this pair, first target 1.255.
Note
So far so good!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.