DislikedI posted yesterday that my daily charts are showing a Major Drop on the GBP of 1000 pips but this could be from 1.4400 so my long term target is 1.3400.
This also tests the previous low of last month and also the 7 yr low if you look back on your charts for the last 25 yrs, you will see that 1.3400 is a 7yr average. In 1984, we saw 1.09 and that only took 9 mths to hit from when it hit 1.3400. This 7yr cycle is what the Banks look at.Ignored
Hi..juz saw ur post bro. Will this be happening anytime soon? Im still looking for a good position to enter for sell. Still have long position at 1.44 =( ....