Dislikedok.
so all the world looks like buy every possible dip-pullback-retrace etc..
in my 2 years i noticed this thing happening more n more near major holidays (eastern-xmas etc).
in these days market has lower liquidity, and can be driven "very easy"
today last day. tomorrow "taking profits" dayIgnored
I agree... with less liquidity the market will whip around much more...
good advice to be careful about profit taking tmmrw and friday
Also I really wouldnt be suprised to see the GU fall back into the previous channel betweek 1.6044 and 1.6426 area considering the fact that the Uk has just as many problems as the US does and the stance of the BOE on raising rates hasnt budged due to poor economic reports
personally i wont enter a trade most likely until after the fed adress next week. that should show some awesome movement