My coming months prediction of the GBPUSD pair based purely on technical analysis and my own trading system of quarters theory and harmonic patterns.
Interesting chart. Thanks for sharing.
After a strong, parabolic sell climax, price hit support and has been in a trading range for what looks like about one week. Price broke out strongly to the down side and has once again hit support.
I can’t help but think this move is strong enough to break out and test previous low. May just be forming a double bottom, however, and we get a bounce off support. Will have to wait and see. The difficult part about high time frame charts is the waiting.
Thanks again for the interesting post.