17 April 2015

GBP/USD : WTF ?

  • Stopped out short cable. Bearish technical picture completely destroyed by strong price action. WTF?
  • Monthly smashed through the strong ceiling at 1.4813.
  • Weekly candle looks like going to be a key reversal tonight.
  • Daily : Could not have imagined that this series of up-candles possible beforehand.
  • Having given up shorts, would not be surprised if this now turns around and trades back down towards 1.4750.

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