Everyone can see the chart, but only a few can actually read it.
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GBPUSD: The Charts Say Bears Are Wrong
Everyone seems to want to short GBPUSD in anticipation of a failed Brexit deal. At least that was the case last week. But that kind of herd mentality rarely plays out as expected. And if I look at the charts, I can see why the bearish scenario may backfire, especially when viewing the higher time frames. I’ve mentioned the GBPUSD multi-decade falling wedge several times on this website, but it’s worth revisiting. As I mentioned in Saturday’s forex forecast, if GBPUSD can close this month above 1.3380, it could send the pound much higher in 2021. On December 3rd, I even wrote that a GBPUSD breakout from the ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...
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