Everyone can see the chart, but only a few can actually read it.
-
GBPUSD: A Happy Holiday for Bulls?
I’ve liked GBPUSD higher since November 20th. However, as many of you know, buyers still have work to do. Last weekend, I pointed out that GBPUSD bulls needed to secure a weekly close above 1.3480 to confirm the breakout. That’s something I’ve told Daily Price Action members for weeks. Why is a weekly close required? It’s because GBPUSD has been trading below the 1.3480 level since June 2018. You can’t use an intraday or even daily close above an 18-year level to confirm a breakout. And if you do, you’re likely to get caught up in a false break. Look no further than the price action since December 16th. ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 24, 2020 1:14pm Dec 24, 2020 1:14pm
- OnlineAddict
- Joined May 2014 | Status: From1toMillion | 3130 Comments
- Comment #2
- Quote
- Dec 24, 2020 1:33pm Dec 24, 2020 1:33pm
- PipsCrapper
- | Joined Jun 2015 | Status: Member | 184 Comments
- Comment #3
- Quote
- Dec 24, 2020 1:36pm Dec 24, 2020 1:36pm
- YoungKing
- | Commercial Member | Joined Mar 2019 | 148 Comments
Hard Work, Never Loss
- Comment #4
- Quote
- Dec 24, 2020 2:03pm Dec 24, 2020 2:03pm
- 1 in 1 out
- Joined Dec 2013 | Status: Member | 6 Comments
- Comment #5
- Quote
- Dec 24, 2020 3:12pm Dec 24, 2020 3:12pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #6
- Quote
- Dec 24, 2020 3:13pm Dec 24, 2020 3:13pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #7
- Quote
- Dec 24, 2020 3:13pm Dec 24, 2020 3:13pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #8
- Quote
- Dec 24, 2020 4:42pm Dec 24, 2020 4:42pm
- iefx
- | Joined Dec 2020 | Status: Member | 162 Comments
- Comment #9
- Quote
- Dec 24, 2020 4:44pm Dec 24, 2020 4:44pm
- iefx
- | Joined Dec 2020 | Status: Member | 162 Comments
- Comment #10
- Quote
- Dec 24, 2020 4:52pm Dec 24, 2020 4:52pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #11
- Quote
- Dec 25, 2020 12:56am Dec 25, 2020 12:56am
- trumps
- Joined Mar 2020 | Status: Member | 541 Comments
Compulsions can be hard to resist
- Comment #12
- Quote
- Dec 25, 2020 2:47am Dec 25, 2020 2:47am
- iefx
- | Joined Dec 2020 | Status: Member | 162 Comments
- Comment #13
- Quote
- Dec 25, 2020 5:07am Dec 25, 2020 5:07am
- ffmonry
- | Joined Feb 2013 | Status: Member | 181 Comments
- Comment #14
- Quote
- Dec 25, 2020 2:41pm Dec 25, 2020 2:41pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.