Dislikedkeep it simple ... the move up to 1.7000 was clearer a fake out. I mentioned this a few weeks ago . Geppy mentioned it yesterday ...except I thought it would on a stimuls package annoucment or something.
If we close under 1.6600 this is now bearish gu . The rsx is down . The price is under the 14 wma on daily. and for the 1st time since March we poke unbder the ltl on the daily .
There really is not much bullish about this chart to tell you the truth . The bulls i think may be dreaming , unless they are guessing this is some kind of mark down...Ignored
I know i know i am going to hear this is just a reatrcement . The gu has moved up 6 months NO retracement ... so could the reatrcement be to 1.5300 ? 50 % or even 61.8 1.5000 ?
as i said yesterday ... you went long on 1.6900 , did not take profit, and you think this is coming back and you are praying now .... take the loss on a reatrcement on 15 min charts.
If that weekly distribution plays out the least it will drop is 1.5000 and the max 1.1......
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