GBPUSD Weekly chart. I think everyone can see in plain sight that GU is in uptrend since late March.
But I guess the market just... just... just wanna touch 9Mar2020 high of 1.3200, so that "technically" it has cross previous Lower-High to "confirm" bull trend.
Like a magnet.
I will avoid this pair, and see its reaction as it nears 1.32.
I will not Long, as it is in a mature rally, other Majors also pausing.
I will not short, just in case it touch 1.32 (and falling trendline) and massive orders triggered and shoot up 100 pips.
But I guess the market just... just... just wanna touch 9Mar2020 high of 1.3200, so that "technically" it has cross previous Lower-High to "confirm" bull trend.
Like a magnet.
I will avoid this pair, and see its reaction as it nears 1.32.
I will not Long, as it is in a mature rally, other Majors also pausing.
I will not short, just in case it touch 1.32 (and falling trendline) and massive orders triggered and shoot up 100 pips.
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