Trade Setups for GBP Before and After Brexit
Brexit, this latest black swan event has pushed the pound sterling way below previous lows and many traders are strongly convinced that a strong move lower is bound to happen.
In the view of smart money traders, the panic selloff of the pound sterling is likely with a major trend line on a very long term chart. The GBP/USD has been declining relentlessly today after the market gapped down over 2 figures on Monday’s open. The British pound is likely to continue to trade under pressure since its multi-decade lows which were hit last Sunday.
To effectively take advantage of the current market trend, you need to be equipped with proper tools. The following Trade SetUps and OutCome may help you to evaluate if AbleTrend can help you to realize the potential market capitals.
Trade Setup of GBP Before Brexit
Trade Outcome of GBP Before Brexit
Trade Setup of GBP After Brexit
Trade Outcome of GBP After Brexit
AbleTrend helps you to manage the trading risks
You may cut loss short by exiting at 180-minute support level as indicated by blue X below the bars for buy position; and cut the short by exiting at 180-minute resistance level as indicated by red X above the bars for sell position.
You can trust AbleTrend signals
Once AbleTrend signals are generated and the bar is closed the signals will never ever change in the future. Therefore, all the signals generated in the historical charts were fixed as they were generated at that time. This is important for all traders and investors seeking for real practical trade signals with integrity.
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With Warm Regards,
Grace Wang
AbleSys Corp.
gracezh@ablesys.com