GBPUSD Medium cycle

18 Jul

GBPUSD is in a bullish channel.

its have 2 hunts to this channel lines.
i think normal time for third hunt is at next 22 bars in 1.29840 price.
now if its hunt sooner its show that the power of bearish trend increasing.
and if its hunt later show that the bullish trend power is increasing.
why do i thinks so ? because i compare that whit its last hunt.

also the DXY had strong bearish trend and its resting now.
i think the bearish trend can continuo.

Its just my personal comment please don't trade whit this.
I have no responsibility for your money.