So I bought there and cancelled the 210.65 order.
I think she is returning back up, and with that I'll be out the door.
GU would be a strong buy at trhese levels.
I almost bought some GU, but I don't play that pair anymore it is too expensive
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But I dont think we broke down far enough for the bottom to literally fall out.
Too much lower and the whole GBP could have sunk to hell.
Quote:
Originally Posted by Andrewunknown
Not sure what your data feed gave you, but from here it looks like price just missed your bottom (former resistance) at 210.65. We have fib fan and fibret support coming at around 210.70, maintaining the uptrend intact from June 10 that is climbing the top speed line off of the fib fan from 200-209 (in red on attached chart). Chikou Span from Ichimoku shows there's more support in this region at 210.30-210.60, and then the dense congestion area that extends down to 209.67.
I was torn between yesterday's action forming a falling wedge or descending triangle and knew it would break overnight so I decided to stay out (stopped out early yesterday on my former long back in the lower 212s), but I'm long again from 210.80.
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