He's implying that's it's still got upward momentum on the longer time-frames so might not be worth selling (if your just going long). It's tempering my enthusiasm for shorting but we'll see.
Absolutely brilliant. I am watching this pair very carefully as well, and have also noticed the accumulation schematic which will eventually lead into a continuation to the upside. The longer the accumulation, the stronger the push back up. Being a student of yours, I can really start to see how your teachings have shaped me into a better trader, and how now, our technical analysis is very similar. I will also take this as an opportunity to thank you gratefully for your hard work, and everything you put into your trading group. You are definitely not like most of the 'gurus' out there who abandon people once they get their money. I've been with your group over one year and its amazing to realize that it was worth joining your group. As a matter of fact, I think it is tremendously under-priced for all of the value you give. Nevertheless, thank you for everything Nic.