Big Bucks to Me on the British Pound

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Big Bucks to Me on the British Pound

With the referendum on the UK’s exit from the European Union in June, there are going to be violent moves with the GBP.

So let’s get set to benefit from this wonderful opportunity.

Overall chart setups that Hawkeye has identified in all timeframes, Trend set to conservative speed.

The Monthly price is in a downtrend. The Weekly price is also in a downtrend bias, but now in congestion with Pivot high two bars back.

So let’s look at faster time charts.

Daily Chart
GBP Daily Chart
Although in congestion bias up, the volume turned to no demand on Friday and there are two Pivot highs pushing the market down.

Intra-minute Charts

120-minute Chart
GBP 120-Minute Chart
Down day Friday.

60-minute Chart
GBP 60-minute ChartGreat short at 10.00am Eastern.

30-minute Chart
GBP 30-minute ChartAnother great short at 05.30am Eastern.

Hawkeye Perspective 
Please look to trade the GBP crosses at your preferred speed. That’s where the action will be for the next 4-6 weeks.

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Fortune,

Nigel Hawkes
Hawkeye Traders

[The magenta arrows are for illustration only and do not form part of the software]

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