GBPUSD has fallen long, hard and then fast. We've now reached a 261 extension. The previous 161 and 220 fibs on this fib set were useful for market reactions and there might be a big one off the 261. Could head all the way back to the 127 - 161 zone.
If this move is in play, long GBPUSD (And other XUSD) may become the hotten game in Forex.
All bets off if the 261 breaks, that could get nasty.
If this move is in play, long GBPUSD (And other XUSD) may become the hotten game in Forex.
All bets off if the 261 breaks, that could get nasty.
Note
Half profits taken and stops to even.Note
I think the reversal might fail. Up several 100 pips from entry but I think this may just be a correction. 
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.