GBPUSD - Bearish analysis

21 Tem 2017

I have been trading this pair for quite some time and want to share some technical analysis. For the fundamental followers, Barnier, David Davis, Theresa May et al. are doing their part in the background. The analysis goes back to Brexit and shows that we should be expecting a period of bearish momentum for the next few months. I annotated some analysis and key things to look out for when trading, just to give a sense of of how to trade within patterns and read momentum and structure. I find entries into these on lower timeframes but typically keep my trades for longer terms (easily 2 - 4 weeks, depending on the price action).

I will only look to sell from this position (not buy) given the bearish signals on the long term trend (we are trading inside a bearish flag).

Disclaimer: This is only my opinion and does not constitute finacial advice. Trade your own plan.

Green trades!

26 Tem 2017

Not

Setting up for a short. Watch price action close to the flag resistance as indicated.