what is expected for GBPUSD
first of all take a look at the latest analysis about GBPUSD which approves a "double failed Ab=Cd pattern"
after these failed Ab=Cd pattern we should see some downside moves which are shown in this chart with their targets, but here are two scenarios about this pair :
1. (which I expect) , the price will come down to the "price and time target" then because of breaking the neck line and being far from SL for new sellers, price will have a pullback to the broken support then (because of breaking the neck line of double top pattern) will have a sharp decrease.
2. the price will come down in the way of targets but won't break the neck line and will have some volatility there to finish the seller's time.
after these failed Ab=Cd pattern we should see some downside moves which are shown in this chart with their targets, but here are two scenarios about this pair :
1. (which I expect) , the price will come down to the "price and time target" then because of breaking the neck line and being far from SL for new sellers, price will have a pullback to the broken support then (because of breaking the neck line of double top pattern) will have a sharp decrease.
2. the price will come down in the way of targets but won't break the neck line and will have some volatility there to finish the seller's time.
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