This is my weekly, monthly and quarterly Pound forecast.
The uptrend is very strong but might have reached critical mass already, and is bound to correct very soon.
I plotted potential levels and signals based on time at mode analysis of it.
Right now, I'm bearish on the Pound, in the short term, but bullish in the longer term, so I'd like to wait to buy the correction lows and just watch for the perfect entry.
Good luck and hope this chart is useful information for other traders.
Cheers,
Ivan.
The uptrend is very strong but might have reached critical mass already, and is bound to correct very soon.
I plotted potential levels and signals based on time at mode analysis of it.
Right now, I'm bearish on the Pound, in the short term, but bullish in the longer term, so I'd like to wait to buy the correction lows and just watch for the perfect entry.
Good luck and hope this chart is useful information for other traders.
Cheers,
Ivan.
코멘트:
Uptrend target hit and reversed as expected.
코멘트:
We now have a 6 week downtrend signal active here.
코멘트:
Strong downtrend for the Pound overall. En route for retesting the uptrend mode at 1.683.
코멘트:
And mode retested.
코멘트:
Time expired in the GBP index downtrend, in the weekly...the rally in the 2 monthly chart I have updated becomes more probable.
Time expired in the GBP index downtrend, in the weekly...the rally in the 2 monthly chart I have updated becomes more probable.