!!!The Big Short = BREXIT!!!!

FX:GBPUSD   British Pound/U.S. Dollar
120 0 4
So I posted this chart some months ago (see tagged) and with the referendum on the 23rd of June, currently polls are favouring the UK to exit the EU!

The head & shoulders pattern is clearly in formation and BREXIT could be the cause for this pattern to happen. A break of the 1.3825 area would indicate that this may happen. If it does then we could be seeing a 1400-1800 pip move to a price area of 1.0!

Keep your eyes on this pair. My advise is to not trade any GBP pairs this week and next and set a pending sell order below the neckline shown on the 2 weekly or monthly timeframe . I personally will be aiming to close all trades I have associated with EUR & GBP pairs this week.

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