DislikedGU Looking at GU structure has broken to the down side with the H4STL broken on 5th Oct. Tomorrow with heavy RED data release/NFP, will it bring GU down to fill up the LQ GAP. Any comment welcome. {image}Ignored
Also expect Non-Farm to roll out bringing USD the glory again. At what price Pound will crash to, I don't know, hard to tell.
Why do I expect the price to drop even more? 4H chart doesn't look right. The sell is still not over.
Another thing why is because my system tells me so.
The last thing why I think the price will drop tommorow is because they had chance to test 1.17 but they didn't. This tells me they are not yet ready for a reversal!
1.17 is already a scary number. If 1.17 breaks down, I don't think we'll witness Pound at 1.03 is the near future, if ever again..
Why I bring 1.17, well because if they wanted the price to get to 1.17 they wouldn't have had the price crashing today. Now, the price is too far, even from 1.15, let alone 1.17.
So ih short, tommorow, Pound down! We'll see before NYO where the price is and what the shorter TF's are telling me.
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