GBPUSD Breakout Imminent as Price Action Narrows

haha...what a paid ad or desperate trader....i dont have a position in this...but "imminent" lol if they decide no deal brexit it will still have a breakout eitherway....im sorry so your point is...you have no clue which way it will go.

isn't it what a breakout imminent means... that the market is indecisive?

so then everyday is a potential breakout? yes theoretically thats correct. either direction...so then whats his point? if my analyst came to me with this report..i would say...so what are you telling me to do go long or short? he will say dont know one way or the other....so your research helps me because... get out of my office now.

Buy @ Support, Sell @ Resistance, close if breaks wrong direction. Simple rules, at least Justin points out the 2 possible scenarios and at which levels and although obvious the individual trader has time to decide at which level to enter. No one will tell you which way it will break because no one knows yet. Watch PA to form and give the clues to where the big funds are moving to or from.

hi kingleen are you able to post what Your analyst has told you re Brexit outcome?

I beleive the Analyst wasnt saying buy at support/ sell resistence , but my take was wait for a daily close above 1.2790 to start looking for buy setups or a daily close below 1.2700 to start looking for sell setups. retests /pin bars ect. until then wait ..with that said price action traders can be masters of ambiguity in analysis.

so what the cable direction ?

I would rather be suspicious to an analysis that says "BUY!" or "SELL!!".But everyone to his taste

At least he has the balls to post something...I see all you are good for is to cut down the tall poppy...why dont you post your thoughts on what the pound is going to do? or you are not game enough to put your neck on the line?

Hi to all , I posted many times comment directly on his analysis page in past , But he never approves it . The chart given and his NO clue ,, neither Long nor short ,,is enough to prove he is not a trader . More over he is a Pu**y , do not have courage to face oposite to his opinion .

I am Elliot wave trader , Its long for some 250 pips .

Its clearly not time to take a position as yet. Pro traders understand that trading is about 70% or more deciding that there is no trade. In the GU situation its a no trade situation for most retail traders wth a small room in a trade for aborbing a loss until the position becomes clear.

GU has a long Doji on the D1 at 23% Fib in a downward trending pair with major Brexit decision pending. The market could go either way is what the columnist is saying.

The safe trade here is to wait until the Brexit decision and see which way the wind blows then decide.

Its called Prudence over gambling instinct.