Disliked{quote} its interesting how we all read charts..i just noticed yur USD chart..too me that chart is bearish ..double top and hoovering just under resistance.. damn good conviction with 4 solid bears candles..holding below the low swing of previous..major resistance (bear flag) gbp isnt bearish..im actually seeing the opposite to u amigoIgnored
Dollar just gave a nice daily pin off pretty strong support and what about the GBP double top now hovering just below resistance with room to drop?
All GU is doing in my view is trying to test the 4 year triangle it finally broke out of. I could be 100% wrong and some BS news could come along and blow all TA out of the water. But since I have nothing on the line, I "think" my sight is clear.
As always, we shall see.
EDIT: Perhaps a wider view of the dollar will help. To me, it's just consolidating over support. "Usually" a good sign for continuation.
Ghost Rider - WWTBMD?