GBPUSD: How much will the price drop?
For two months, the price was methodically growing, alternating periods of growth with periods of correction. At the highs and lows of the price, price levels have formed, which determine further movements. The price literally "walked" from level to level, but having reached the level of 1.359, it started a downward movement. It will break through this level, work out the correction and go down to the next level of 1.351.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.