Pound Forecast November 2017

In line with the expected drop on DXY I'm looking for a long trade on the pound to put in a B Wave. The size of the up move will depend on when the Dollar finishes its down move (wave 5) There is an expectation that BOE will announce an interest rate rise next week which could be the impulse for the start of the long B wave. In the long term I expect a drop on the pound (marked C wave for now) as the uncertainty about Brexit continues.

Let's see how it develops - remember forecasting is a lot more dynamic than we can show on a chart.

I'll update my ideas as they develop
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This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve Nixon

تعليق:

تعليق:

Let's see what happens after this pullback. Interest rate decision tomorrow so we may see price push back up provided the rate is increased