Categories: Technical Analysis

GBPUSD is reaching a top

Hi,

First I would like to start with most important thing today, and that’s the date today. It is a day to remember and I am full of hope that we will never see nightmares like that never again in our lives.

Back to Forex…

GBPUSD is reaching a top from my point of view and 1.61 becomes an area that we can begin to look for sell opportunities for this pair. The situation in Britain is bad so for me it is a clear game that someone pushes the GBP so high.

Here is what I think is going to happen in several days / few weeks – (Click on the picture to enlarge)

I think the pair will build a top, create a divergence and will begin the first leg of its correction down.

Enjoy this trade and have a good evening

Vladimir Ribakov
Forex Trader
www.vladimirforexsignals.com

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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