I KNOW EVERYONE IS SAYING GBPUSD GOING TO 1.24-1.25 NEXT SUPPORT FROM 19xx. HOWEVER, I AM A TECHNICAL TRADER I CAN CARE LESS WHAT NEWS IS COMING UP OR WHICH EXPERT SAD WHAT AND BLAH BLAH BLAH.... ON JUNE 22 AND 23RD CHART SHOWS OVER BOUGHT. ALL TECHNICAL SHOWED "SELL" BUT 75% OF THESE OVERLY PAID ANNALISTS SAID GBPUSD GONNA GO HIGHER. WE ALL KNOW WHAT HAPPENED. AM I SAYING THIS IS LOWEST FOR POND AND IT WILL UP TREND FROM NOW ON. NO WAY. WE WILL SEE POND BELOW 1.00
SO ALL THESE EXPERTS THEY JUST SAY WHAT EVER..... ITS A 50% CHANCE ITS TRUE OR NOT.
HERE IS TECHNICAL: DOWN TREND MARKET ALL TIME FRAMES OVERSOLD ALL INDICATORS AWAY FROM MA20,MA200 ALL HIGH TIME FRAMES PIN BAR @ LOWEST LOW PRICE IS HALTING ON FIB EXTENSION LEVEL 1.786 MY STOP LOSS FOR THIS LONG IS BELOW PIN BAR. MY TP 1 1.3200 THATS BELOW FIB 1.236 TP 2 BELOW MONTHLY RESISTANCE 1.34 I WILL BE MONITORING VERY CLOSELY
NOW I EITHER GAIN AFEW HINDERED PIPS OR I LOSS COUPLE HUNDRED PIPS. WE'LL SEE