Disliked{quote} As long as the price is holding, good chance it will drop sooner or later. If, it start to break up, then ,both us will lose. We still need Moty to surrender his hammerIgnored
I just see that 1h pinbar on the 0.618 retrace and the intersection of two trendlines. Euro is sinking and dollar rising so I thought GU might correlate. I just don't see the dollar switching direction at this stage, and cable is still making lower highs/lows. On the otherhand we're basically in a sideways range and we may have bottomed out just above 1.38ish
I guess we're just stuck in this 1.38-39-40 rangebound market until FOMC say something
Like pipfarm said it's probably best to stay away until things are a bit more clear. If price breaks above that fib then I guess it's all over for us. My expectation was for GU to bottom out around 1.37-3750 then switch bullish
There thats dixie breaking out hard and GU does not care
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