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jan80hansen

Great risk to reward opportunity on GBPUSD

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Pound Inggris / Dollar AS (FX:GBPUSD)  
jan80hansen  
FX:GBPUSD   Pound Inggris / Dollar AS
Trend Analysis Chart Patterns Wave Analysis pound GBPUSD gbpusdshort
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trendanalysis chartpattern waveanalysis pound gbpusd gbpusdshort
Pound has failed 8 consecutive trading days to hold above 1.3720 VS the Dollar.
Considering how long the Pound has been in this ever- expanding megaphone pattern, you would expect a break to the upside.
But recent price action could suggest that we are in for a reversal. Maybe not all the way down to 1 dollar a'pound, but a subtantial correction before it can break out.

Please share your thoughts:)
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