GBP NZD DAILY MASSIVE - GBPUSD NEXT MOVE 1.3400-1.1000???
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HEY GUYS TODAY I PRESENT YOU MY CONTRARIAN ANALYSIS ON GBPUSD BASED ON MASSIVE DAILY BEAR STRUCTURE IN GBPNZD WHAT DOES THAT MEAN? WELL, THERE'S STILL HUGE UPSIDE IN GBPUSD (WHICH IS IN-LINE WITH EW I'VE POSTED PREVIOUSLY).
HOWEVER, IT LOOKS LIKE WE WILL GET SOME SORT OF EXTENSION FOR OCT31 DEADLINE AND THEN THINGS GO HORRIBLY WRONG LATER NOV-DEC 2019, IT'S POSSIBLE WE GET A HUGE MOVE FROM GBPUSD 1.3200-1.3400 BACK TO 1.1000 (2400 PIPS DUMP).
READ ON, REVIEW COMMENTS AND CHART AND FEEL FREE TO UPVOTE THIS ANALYSIS, IF THIS ADDS VALUE TO YOUR TRADING.
COMMENTS, QUESTIONS - FEEL FREE TO LEAVE THE BELOW. GOOD LUCK, AND LET'S SEE WHAT HAPPENS!
1) POSSIBLE CONTRARIAN SIGNAL OF A MASSIVE DUMP IN GBPUSD 3) TARGET COULD BE 1.1000 AND EVEN PARITY 1.0000 4) REVERSAL LIKELY NOV-DEC 2019 5) POSSIBLY WE GET A DEAL EXTENSION NOW 6) AND THEN THINGS GO WRONG LATER
GNZ NOW IS 2.0360 REVERSAL 1.13 IS 2.0800 REVERSAL 1.27 IS 2.1060 SO STILL MASSIVE UPSIDE IN GBPUSD