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GBP will recover to 0.82

From 19th of July E/G is in bulish trend.
GBP is loosing power mostly because of BREXIT. BREXIT will be actual in the spring when nagotiations will start. It will be very interesting period for E/G.
But in the meantime it looks that E/G reached the top and that it is in the bearish trend.
If we look on weekly we can clearly see 5 Eliot waves.
I also marked several strong S/R levels on weekly chart.
On daily we have divergency which suggests bulish retracement.
Maybe it will bounce first to 0.9 b…
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الترجمة الى الانجليزية اظهار الاصلي
Elens94 avatar
Elens94 16 تشرين الثاني

great analysis!

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XDamko has taken 8th place in Fundamental analysis Contest Nov 2016, week 2

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الترجمة الى الانجليزية اظهار الاصلي
Elens94 avatar
Elens94 14 تشرين الثاني

congrats!;)))

xDamko avatar
xDamko 15 تشرين الثاني

Thx :))

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Bullish retracement

Weekly shows beginning of bullish trend. We have two strong bulish candles and divergency on OSMA and CCI.
Until the end of the year I expect strengthening USD but also strengthening GBP according to EUR.
In correlation between USD and GBP I think we are entering in retracement period with small strengthening of GBP because GBP is already on very low level. It will be bumpy but with small bullish gain.
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الترجمة الى الانجليزية اظهار الاصلي
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