Trouble across the pond.
Noticed somewhat of a inverted cup & handle forming on the weekly. Then started looking at the monthly and noticed when price broke below the 21MA(orange) there was a ~23% drop that followed. With all the uncertainties facing England this dropping to 1.00 in the next year doesn’t seem so far fetched.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.