- Recall STG/DEM = 1.95583/(EUR/GBP)
- Chart of STG/DEM (lovely!) appears to be good for one more leg down.
- Currently forming a large triangle, meaning downtrend continuation expected.
- Will not make the recent mistake of jumping the gun on EUR/GBP again. But, at some point, will want to buy the latter.
- Of course, have to remain flexible enough to sell EUR/GBP if breakout occurs on the other side of the triangle.
15 April 2010
STG/DEM : Revisiting an Old Friend
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