It's just a retracement to Daily 5 SMA. You can also call it a fake spike to take off the stop losses
- #8,921
- Jul 23, 2007 5:16am Jul 23, 2007 5:16am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
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DislikedBuying on dips. Kiwi is over 0.80 now. Means house wives will be shopping for GBP should the rates change on Thursday. And if they don't then I see it going up some more. Roughly 2 years of uptrend is not going to stop for anything less then a war. Might take a breather though if it get winded on it's upward expedition.Ignored
DislikedDoes anyone see the GBP/USD recovering anytime soon? I did something stupid and I was wondering if I had a chance to maybe get lucky and this thing drop like 500 pips? 100 would be nice too.Ignored