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

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.