Let me write my "Two-Cents".. More than 2 dynamics in play here; 1)Eur/Gbp ... and 2) GBP/USD are the two I'm thinking that, right now.. it's very DANGEROUS to be LONG GBP.
EUR/GBP has just recently broken a long-term trendline to the UPSIDE.
Watch GBP to see when a Safe SHORT looks safe!! RJ
nice set up, but confused. This is forming ending of a BIG W X Y(green symbol). But why in the last you said cycle y cycle x cycle z? Thanks.
AlishaSingh
⋅
@Liuqi1987, I am not very sure what you mean but i think youre asking why there is another z at the top. Well because break of trendlines dont mean anything and we couldve another up before price breaks down. I hope i answered your questions :)
Liuqi1987
⋅
@AlishaSingh, How will the GBP go next? Does the trend change?
AlishaSingh
⋅
@Liuqi1987, You can DM me on my fb i can answer all your questions there :)