Brexit Vote to determine if GBPUSD downtrend resumes

The break below previous support at 1.32 amid a strong downtrend signals lower prices

Two possible scenarios after today's vote in UK parliament over Brexit
A) former support at 1.32 is resistance and downtrend resumes toward 1.305
B) price closes back above 1.32 signalling a rangebound market and an eventual re-test of 1.347

註釋

Scenario A) in play -- 1.32 held as resistance, GBP making fresh 7-month lows
Next up: BOE

註釋

Back over to scenario B) - looking at potential for big weekly reversal with false break below 1.32 and a close back above in a bullish signal

手動結束交易

Bearish trend in tact but hard to keep open positions because very choppy

jasperlawler

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jasperlawler

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(A weekly digest of the best trading education from around the web)
tradingwriters.substack.com/

Read and watch more educational trading content:
tradingwriters.com

此外: