Hello friends, Having in mind my bearish bias for everything, I've noticed that GBPUSD has a big rising wedge. The wedge extreme target is the bottom of the pattern, however this is a longer term target. Breaking upwards might devalidate the pattern if we see a good volume. However, I doubt it. Thus, I am waiting for downward confirmation. Namaste!
EURGBP so many things are happening here. In August I remember it was summer when our bat formation was filled I was expecting this for such a long time it was 2-3 months before my order was filled and it happened so fast 2-3 months waiting for 1 month fame but at the end we were winners with 250+ pips at 0.89 price and the summer mood and that amazing feeling...
It's a good point to go long GbpUsd at 1.40330. SL. 1.39440 TP. 1.42550
It's likely that wave iii is going to form in the short term.