GBP / USD - Yearly Chart Concern!
Today I am charting the GBP (Great British Pound) / USD (US Dollar) on a yearly chart over a multi-year period.
I put it on a parallel channel and noticed on the yearly chart that multiple bear flags have been forming. The next bear flag formation measured move is around 0.78-0.80. Let's hope it reverses!
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the GBP / USD looks bearish.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
I put it on a parallel channel and noticed on the yearly chart that multiple bear flags have been forming. The next bear flag formation measured move is around 0.78-0.80. Let's hope it reverses!
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the GBP / USD looks bearish.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
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