GBPCAD breakdown, we have seen this before!!!
On monthly GC chart in August 2017 price action was on its fourth Bear Month, just like now. Then starting in Septemeber price action turned bullish rest of year, this is what I am expecting for the rest of 2019. On a lower time frame, this is where I will be looking for major support to appear (weekly, daily) and where I will put bullish entries into this market until the end of this year.
Pink lines on the chart are noted support lines left on the chart and where possible downward price action might stop and reverse this month (to keep in mind). Target is 1900 to 2000 pips on this bullish trade once major support is made on lower time frames. Good Luck and Good trading.
Pink lines on the chart are noted support lines left on the chart and where possible downward price action might stop and reverse this month (to keep in mind). Target is 1900 to 2000 pips on this bullish trade once major support is made on lower time frames. Good Luck and Good trading.