GBPUSD - Brexit is a mess but we can profit from it !

GBPUSD - Falling because all amendments are getting rejected, Theresa May keeps the control over the negotiations. Let's see if price can find any support around 1.3030 - 1.3070.
My view is cautiously bullish but if those votes do not give any good result, we might see cable go down a lot more

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Amendment I is passing , this aims to rule out a no deal scenario which would be catastrophic for GBP, hence cable goes up a bit

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This was a relatively 'good' night for Theresa May but overall, nothing was really done today, it was more about not losing more than winning something.
I believe she is playing the time.
The amendment that would postpone the deadline was rejected and we know that the house does not want a No Deal, so, May might be waiting and come a few days before the deadline, March 29, with two options, her deal or no deal, and this way has her way.

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It looks like we might have only 4 waves out of 5 down.
We should see price go a bit lower.
Closing position at break-even and putting
Pending Order at 1.3017
Stop at 1.2999
Target 1.3300

Note

Price came lower but not enough to activate the trade, therefore it's canceled

ElliottWaveBelgium

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ElliottWaveBelgium

Don't forget to like, share and follow !

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