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Hello everyone! In a few hours we start again and I think it's very interesting gbpcad. The daily chart shows us a very large head-shoulders, which could potentially take us very far down.
Last week the price broke the blue neck line and if we look at the dotted purple line that goes from head to neck line, we realize that the descent could reach up to 1.57-54, so about 1100-1400 pips! Of course a lot will depend on Brexit and I expect a pull back in area 171 before the most important descent. But it could also go down with another break and so we're ready. Good luck!
Last week the price broke the blue neck line and if we look at the dotted purple line that goes from head to neck line, we realize that the descent could reach up to 1.57-54, so about 1100-1400 pips! Of course a lot will depend on Brexit and I expect a pull back in area 171 before the most important descent. But it could also go down with another break and so we're ready. Good luck!
