Market is not random but unpredictable
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GBP/USD – A bearish signal?
It’s been an interesting day for cable, one that saw the dollar retreat before the pair quickly reversed course which raises many questions. The reversal came at the 50 fib level which could be viewed as a bearish move. But it isn’t that simple. The pair tested the 61.8 fib a month and a half ago before breaking through the 200/233-day SMA band. charts But then it failed to make a new low before breaking back above the moving average band. Hardly the action of a pair that’s taken a very bearish turn. So I’m not yet getting overly excited about the 50 fib bounce, regardless of how aggressive it seemingly ... (full story)
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- Sep 14, 2021 7:05pm Sep 14, 2021 7:05pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
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- Sep 14, 2021 7:46pm Sep 14, 2021 7:46pm
- Niru
- | Joined Feb 2021 | Status: Member | 91 Comments
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- Sep 15, 2021 3:52am Sep 15, 2021 3:52am
- hoda
- Joined Feb 2012 | Status: Devour of Dream | 15 Comments
I follow the price like a shadow.
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- Sep 19, 2021 8:07pm Sep 19, 2021 8:07pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable