DislikedWhat you failed to notice is the higher lows. All trends come to an end, so how do you spot the end of a trend and this is applicable to any timeframe?Ignored
I did not fail to notice the higher lows....I think you are referring to the 10 year chart...however I see those higher lows if that is what you want to call them......as a bear flag. We can all google what a bear flag is.
On the 5 year chart if you want to totally ignore the huge drop from November 2007 to January 2009 and only want to look from the high in August 2008....the pound has only made lower highs since that time.
On the 2 year chart I see a nice head and shoulders pattern as described in my previous post.....
And finally you can click here http://www.forexfactory.com/showthre...84#post5418984 to see my month chart that I posted late Friday which shows rejection at around the 1.5900 level multiple times.
No fighting here guys.....just my own personal thoughts. We all have our own thoughts...I am not pushing my thoughts on anyone else.
Cheers,
Faller.
I don't trust any move - when you have profit...take it.