BREXIT – Where does it go from here

| Instability | Confused | Lost |

That’s the beauty of technical analysis – it reduces fundamental noise and allows you to paint a clearer picture of where the market is heading.

Slide1

GBPUSD – Monthly Chart

Clearly you could see market is making lower lows ( Attributes of a bearish [ down / selling]  market ) and breaking historical level made in the 1980’s!

* Under clear circumstances this is not a prediction of future market prices to go lower but only just the current market situation *

Amazingly, historical data tends to increase the possibility of a repeated action! ( But bare in mind of the 101 possibility of it turning south to your desires )

-TRADING IS A GAME OF PROBABILITY-

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One thought on “BREXIT – Where does it go from here

  1. Pingback: First sayings around the Brexit | Marcus Ampe's Space

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