Market Review and Trends
#07 – GBP (Post election)
By FinancialVeracity  •  June 14, 2017
The long awaited trend continuation pattern has occur on the GBPUSD. Monthly Chart still indicates that market is in a bearish trend. As market is still in the 1980s price level while making a new high in 2014 (Rejecting the previous one with a break of 08’s low). Giving GBPUSD a nice amount of legroom for traders to be in it. As market enters the Weekly key zone, it was only a matter of patience for market to show signs of reversal. As you can see the second last candlestick, where market broke off 3 bullish price pushes, it was an indication of a potential entry. My trading strategy have not caught an entry yet till last week. Being the same conservative me, I decided not to enter immediately but wait for a second entry point for me ; another sign of trend reversal on a smaller time frame. Daily ......
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By FinancialVeracity
24 and on a constant lookout to improve my financial literacy in order to achieve “Financial Independence”. The sole purpose of writing this blog is to give whatever little financial knowledge I have to everyone.
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