WHAT IS ALLIGATOR INDICATOR?
Bill Williams introduced the Alligator indicator in 1995. The Alligator is as much a metaphor as it is an indicator. It consists of three lines, overlaid on a pricing chart, that represent the jaw, the teeth and the lips of the beast, and was created to help the trader confirm the presence of a trend and its direction.
GBP is still at downtrend; however we are waiting for a clear reversal before we actually buy GBP; meantime we use SWING TRADES and enjoy both BUY & SELL approach.
The chart looks complicated but if you learn to identify critical points and manage it – the trades that you take can be precise and accurate; of cos you can’t get everything 100% right but you can minimise the errors with proper technical charting.
FUNDAMENTALLY GBP HAVE A CHANCE TO REVERSE WITH FED READY TO REDUCE RATE NEXT MONTH.
Consider: Stocks are hitting record highs and layoffs and unemployment are at 50-year lows. Yet the Federal Reserve is prepared to cut interest rates soon because it’s worried about the economy.
Such it is in the era of Trump. The president, who’s demanded the independently run central bank cut rates, is probably going to get his wish. And largely because his very own policies are what have the Fed worried.
The central bank frets that White House trade clashes with China and other countries have hurt farmers, manufacturers and exporters, crimped business investment and slowed the U.S. economy. Read more @ https://www.marketwatch.com/story/an-economy-gone-mad-the-fed-is-going-to-cut-interest-rates-despite-record-stock-prices-low-unemployment-2019-07-11?siteid=rss&rss=1
But we will remain cautious till we see clear picture of a breakout.
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