this spike down appears a bit suspect to me and looks to be an attempt to accumulate longs by the big boys prior to a push through 141.50
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #164,041
- Mar 5, 2009 5:43am Mar 5, 2009 5:43am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
- #164,044
- Mar 5, 2009 5:45am Mar 5, 2009 5:45am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
this pair is OB and has been for awhile. alll charts are pointing to more down big time. . . oops gotta go getting close to my target. . .
- #164,046
- Mar 5, 2009 5:47am Mar 5, 2009 5:47am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
if you made some pips great....but it appears they are selling the rumor right now...
TA is out the window during this time. . . all i know is the charts look ugly and are pointing to a drop - so profit taking it is. . . will re-enter once the announcement has been made.
- #164,053
- Mar 5, 2009 6:06am Mar 5, 2009 6:06am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #164,055
- Mar 5, 2009 6:08am Mar 5, 2009 6:08am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
and down we go
