GBP cyclical after Brexit, ENDING exactly on Official EXIT date?
GBP looks very interesting when looking at it from the Brexit time. There are 6 periods, each setting the low and the high until the next one. Moreover, these periods come almost after the same period of time. What it amazing though is that looks like the final period is exactly on the official Exit date 29/03/2019, which means that if the trend continues there will be a low in the day of official exit fact that suggest a not so positive leave for UK.
If you look closely when the trend is upwards, the sequence is low-high-low-high, while when the trend is downwards the sequence is reversed. Also, the middle one (4th) is resetting them by having 2 high and one low showing the trend reversal *there is also a head&shoulders pattern there*
Let me know what you think of this apparent coincidence in the periods and events?
If you look closely when the trend is upwards, the sequence is low-high-low-high, while when the trend is downwards the sequence is reversed. Also, the middle one (4th) is resetting them by having 2 high and one low showing the trend reversal *there is also a head&shoulders pattern there*
Let me know what you think of this apparent coincidence in the periods and events?
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