Dislikedwhat u guys think to short GU at 1.6450 - 1.6500
its in a down trend and at 50% fib line, also it had shown few resistance points previouslyIgnored
What makes you think G/U is in a down trend? I still see G/U as trading in a range and would therefore prefer a short position higher up, perhaps somewhere in the 1.6600 area - however, I am currently in a long trade on this pair so I won't be taking any shorts just yet!
Regards,
Dan