DislikedGU:
Currently has a nice WAVE setup for a short. Of course, we don't know until it starts to happen, but look at the increasing volume on Leg#2! If this does go short, it could be a very nice run. Right now it seems price is being held up, maybe to prolong high prices for shorting.Ignored
It did have a nice wave for a short. But the London session kicked it up (trade the London session). Congratulations to all who went long and made pips.
I am still short this pair. And as I look at the chart I cannot help but see the possibility that the entire trip up and back down today was for no other purpose than to close longs and build short positions. We'll see if in coming days a sizeable drop occurs.