GBPUSD
If you happen to be a Sterling bear, especially after the inconclusive Brexit conundrum we’ve been left with heading into 2019, I’ve been hammering home the point that 1.27+ continues to be a major area to engage in macro sales, for what appears to be a very juice downside target of 1.2135 based on a simple 100% projection away from the broken trading range. However, for the trade to keep up its downward trend, one should really expect the EUR/USD to hold the 1.15 topside, as the supply to push this trend lower, as the dynamics stand, should be more a function of Sterling weakness based on political events and in the anticipation of a hard-brexit. As one can clearly notice, it’s hard to be a seller in his pair if only predicated on the levels of the UK vs US yield spread.
If you happen to be a Sterling bear, especially after the inconclusive Brexit conundrum we’ve been left with heading into 2019, I’ve been hammering home the point that 1.27+ continues to be a major area to engage in macro sales, for what appears to be a very juice downside target of 1.2135 based on a simple 100% projection away from the broken trading range. However, for the trade to keep up its downward trend, one should really expect the EUR/USD to hold the 1.15 topside, as the supply to push this trend lower, as the dynamics stand, should be more a function of Sterling weakness based on political events and in the anticipation of a hard-brexit. As one can clearly notice, it’s hard to be a seller in his pair if only predicated on the levels of the UK vs US yield spread.
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📓📓Learn Order Flow like a PRO:
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🧑🏫🧑🏫 Author of the #1 Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👉👉 Join The OFA Inner Circle:
📓📓Learn Order Flow like a PRO:
ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
📓📓Learn Order Flow like a PRO:
ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.