Hi Allen, I just saw your GBPCAD post, I think it is going to rise a bit but then drop considerably depending of course on influences such as the USD, note the DXY comp on the chart, oil and of course that "B" word drama. However, on this weekly chart, it is approaching the return to the mean deviation point.
So I'm thinking your call out was maybe a tad early and the pair will rise, hit the target and then drop.
So I'm thinking your call out was maybe a tad early and the pair will rise, hit the target and then drop.