GBP / USD - Yearly Chart Concern!
Today I am charting the GBP (Great British Pound) / USD (US Dollar) on a yearly chart over a multi-year period.
I put it on a parallel channel and noticed on the yearly chart that multiple bear flags have been forming. The next bear flag formation measured move is around 0.78-0.80. Let's hope it reverses!
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the GBP / USD looks bearish.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
I put it on a parallel channel and noticed on the yearly chart that multiple bear flags have been forming. The next bear flag formation measured move is around 0.78-0.80. Let's hope it reverses!
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the GBP / USD looks bearish.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.