ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(24 August Europe) Latest Impact: The Dilemma of GBP
GBPUSD in dilemma: the month started performing a lower low and lower high on a weekly basis; the daily analysis of last week implies a higher high and higher low. The phenomenon is translated to a pattern of squeezing wedge parameter 16650 – 16450 that should break to the downside. A close below 16450 identifies the next downtrend toward 16100, yet this may sound like a false statement because of the New High Global Equity that has attained on Friday. It is worth attempting though the bearish concept if the daily close is triggered and if you are an aggressive trader, setting stop above last week high 16630.
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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
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