Update-Massive sell GBPCAD revised: ~500pips 27 Apr 2020

As the last pair I will be concentrating on this week, I took another look at the price structures and patter for this pair. Technical analysis shows me price will build on exisiting structure. Now, it is still possible for price to make the entire 800pips, however, I am working with what price has done rather than what i want.

Following the price structures, and using the fib expansion and retracements, this is my idea of the pattern price might follow. I have revised my projections to 500 pips.

Please do your analysis and share your thoughts.

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Kommentera:

I know the chart is a little messy...but its better than creating a video