$GBPUSD: Long term trend
A while back, I posted a chart indicating the monthly trend in 
GBPUSD was reversing to the upside, the bottom pattern evolved into a larger basing structure and is now taking off, finally, when markets started pricing in rate cuts around the corner.
The risk from here is very modest compared to the potential upside, and we can maintain a long position in this pair for the next year and a month, which makes it more efficient, tax-wise.
Best of luck!
Cheers,
Ivan Labrie.
GBPUSD was reversing to the upside, the bottom pattern evolved into a larger basing structure and is now taking off, finally, when markets started pricing in rate cuts around the corner.The risk from here is very modest compared to the potential upside, and we can maintain a long position in this pair for the next year and a month, which makes it more efficient, tax-wise.
Best of luck!
Cheers,
Ivan Labrie.
Nota
Nota
And the top before that...
Nota
Good momentum as seen by expanding Bollinger Bands here...
Trend is active, should be patient with this.
Nota
Weekly offered a good cue for the trend reversing.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.