GBP Performance Over the Next Month
Using market dynamics, mathematics,& the character of this market...I've concluded that GBPUSD will crash by 2% over the next month
Price has taken LQ from the previous high where the golden ratio of Fibonacci retracement has shown the maximum climax of this rally up
Price as a minimum would break 1.25030 and as a maximum 1.24000
Now I might go off topic here but I want to explain a few things, markets run on the darkest psychological elements, without them, the markets can't be facilitated and everyone would be at a loss, what are those elements you might ask? Human greed & fear. These psychological forces—fear and greed—can drive investors to make irrational decisions, leading to market fluctuations and volatility. Creating the perfect opportunities for institutions to profit from these actions done by investors...Now as observed by everyone, Literally everyone is buying expecting the price to continue its rally up, but no, the price won't rally up anymore, the price will crash to take out the billions of dollars of retail investors put at the ATH of these financial instruments
My motto is to be one with the markets, understand that each market has its personality, deal with each market as an individual with its character and traits...And Watch the markets make you wonders
Price has taken LQ from the previous high where the golden ratio of Fibonacci retracement has shown the maximum climax of this rally up
Price as a minimum would break 1.25030 and as a maximum 1.24000
Now I might go off topic here but I want to explain a few things, markets run on the darkest psychological elements, without them, the markets can't be facilitated and everyone would be at a loss, what are those elements you might ask? Human greed & fear. These psychological forces—fear and greed—can drive investors to make irrational decisions, leading to market fluctuations and volatility. Creating the perfect opportunities for institutions to profit from these actions done by investors...Now as observed by everyone, Literally everyone is buying expecting the price to continue its rally up, but no, the price won't rally up anymore, the price will crash to take out the billions of dollars of retail investors put at the ATH of these financial instruments
My motto is to be one with the markets, understand that each market has its personality, deal with each market as an individual with its character and traits...And Watch the markets make you wonders
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.