GBP/USD Daily Video, July 17, 2018

Sive Morten

Special Consultant to the FPA
Messages
18,551
Good morning,

Now we need adjust our trading plan a bit, because despite B&B "Buy" has worked properly, it has not become the pattern that push GBP higher. It means that deeper retracement is coming:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
 
Hi Sive,

Any further thoughts on Xau? Do you still think it has the chance for sudden downward acceleration? The low was washed and rinsed.
 
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