Dislikedfirst of all the question remains still open:
At what level exactly did you sell GBP/USD yesterday going into the weekend?
Secondly before...Ignored
exactly 16210 closed 16150
good enough .
And as you want to have a little dig ... counter trades work as long as one manages risk well ... the saying ' the trend is your friend ' was not made up because it is bullshit and as far as i know the daily is still in a down trend.
and as far as 1.5300 ... its coming and lower .. so i was off ..who care i have been short since 1.6970 and holding. and enjoying the intraday trading.
I think Geppy will vouch for me saying that we are heading down but will see some form of upthrust to 1.7000 1st , exactly that happened.
The top in 2007 took exactly 19 week to form .... this top is 19 weeks , but break may be halted due to xmas. In fact ifj anything they may use the low volume next couple of weeks to get it back into 6400 zone just to start selling at discount again in mid January
I guess this chart of DX mean sweet FA to you.
this is the very move I have been wittering on for weeks about.... so it took longer to materialize than I thought , but materilize it did.
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