It might already have begun
Here’s another alert for readers of our free newsletter, giving you the first look at charts showing some trading opportunities from an Elliott wave perspective. The British Pound has been in...
Two resistance zones to watch
We show where to look for the trades
Primary view is that GBP futures are in the first stages of a move that should test or exceed the 2017 low. A monthly chart for perspective is below.
The British Pound ETF (FXB) is assumed to be forming a wave [iv] like most of the major USD crosses. The move up from the early 2017 low has stalled against a possible wave [iv] target but has not quite pushed low enough to break the uptrend.
We think it's time for the downward trend to resume
GPB has fallen from what I am calling a 'B' wave high in 2014 to a low early this year and been bouncing in a overlapping move to the present. Since the assumption that this drop is a 'C' wave, it...
Last week's spike in the British Pound caught some traders off guard, but if you have been following our posts at See It Market you were prepared for it.
April bulletin from Trading On The Mark