Categories: Fundamental Analysis

History in the making?

Hi friends,

Since Carney joined the BOE (bank of England) it seems that his work to devalue the pound is his only goal!

It’s pretty clear that England needs a weak pound now, the only question left is, what price do they want it?

Watching on a monthly chart, I can say that we all might be part of history as pound might get new lows against the dollar. Here is what I see on the monthly chart.

Click on the chart to enlarge:

After breaking down the triangle, looks like the bears here to stay and we should sell the rally every time we can.

This is a long term trade opportunity, and it seems too good to miss it, as for now. After all, not every day we get a chance to be a part of history created. Holding such trade is all about trading psychology, as most traders are not able to wait so long. Time will tell if this technical breakdown will lead to new lows.

Yours,

Vladimir Ribakov

Advertisement

Click To Join Our Community Telegram Group

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.

Recent Posts

Weekly Summary And Review 20th December 2024

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of December…

3 days ago

US Stocks Face Headwind From Rising Yields After Fed Signals Fewer Rate Cuts

The rally in U.S. stocks is encountering a fresh hurdle -- a potentially problematic rise…

4 days ago

EURAUD Short Term Forecast And Technical Analysis

Hi Traders! EURAUD short term forecast and technical analysis post is here. We do our…

4 days ago

GBPCHF Short Term Forecast Follow Up and Update

Hi Traders! GBPCHF short term forecast follow-up and update is here. On October 3th, 2024…

5 days ago

AUDJPY Short Term Forecast And Technical Analysis

Hi Traders! AUDJPY short term forecast and technical analysis post is here. We do our…

5 days ago

GBPCAD Short Term Forecast Update And Follow Up

Hi Traders! GBPCAD short term forecast update and follow up is here. On November 26th,…

5 days ago