GBP/USD and GBP/EUR possible large long term move/trend up
Updated
BREXIT almost complete. GBP/USD potential huge long term 25-35% uptrend move to wedge target of 1.80, upper yellow trend.
Over the key 1.40ish Horizontal price level.. should move relatively strongly up to target, there may be a wedge retest to shake out weak hands... "put news here" for the reason.
GBP vs EURO looks to become more stable currency, based on chart projections. GBP/EUR possible invs H&S key level pink "neckline" to 1.43ish.. with a target of 1.80ish.
Based on breakouts of chart EURO's problems may just be beginning, look for possible fractures, and German Bank issues, etc, etc.
EUR/USD ( long term basket) has the EURO flirting around a 40yr uptrend.. it breaks.. EUR/USD could easily break to 0.85 and lower.
(put fundamental reasons here... see DB, Italian Banks, etc, next country to leave.. whatever the reason.. "IF" the charts break out)
This is a longer term trade/ possible swing trend move could take 2-4yrs maybe sooner.. depends on strength of breakout, and how many people are on the wrong side --- Long GBP/USD Long GBP/EUR on breakouts.
Image below for trends on GBP/EUR.. not sure why they did not publish on chart above.
https://www.tradingview.com/x/wtL73CNZ/
Over the key 1.40ish Horizontal price level.. should move relatively strongly up to target, there may be a wedge retest to shake out weak hands... "put news here" for the reason.
GBP vs EURO looks to become more stable currency, based on chart projections. GBP/EUR possible invs H&S key level pink "neckline" to 1.43ish.. with a target of 1.80ish.
Based on breakouts of chart EURO's problems may just be beginning, look for possible fractures, and German Bank issues, etc, etc.
EUR/USD ( long term basket) has the EURO flirting around a 40yr uptrend.. it breaks.. EUR/USD could easily break to 0.85 and lower.
(put fundamental reasons here... see DB, Italian Banks, etc, next country to leave.. whatever the reason.. "IF" the charts break out)
This is a longer term trade/ possible swing trend move could take 2-4yrs maybe sooner.. depends on strength of breakout, and how many people are on the wrong side --- Long GBP/USD Long GBP/EUR on breakouts.
Image below for trends on GBP/EUR.. not sure why they did not publish on chart above.
https://www.tradingview.com/x/wtL73CNZ/
Note
Trade active
EURUSD LONG TERM Chart projections.. as mentioned above EURO problems are possible just beginning. Trade active
Apr 1, 2021 EURUSD Chart updated.. 1.07 goes.. look for serious pain coming Trade active
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