GBPUSD moving as expected

FX:GBPUSD   British Pound / U.S. Dollar
417 7 16
After the news on Friday price spiked to try and get stops. For those short, stop should be above X so they are still in. Holding for the whole move.
Am kind of thinking we gonna retest that trend line before moving down
TAS Bordoc
Yes, there will be some kind of support. Check out Wyckoff Volume trading. It was a guy that in the 30's developed his method. What I see at the top is what he called Selling Climax, where all institutions go long, that's why you have that spike in volume, the big red bar at the bottom of the chart. Though the price whent up, it looks it went up on selling orders, so I think we are going to fall. It'll take some time to hit target, but I'll trail stop with space.
I am agree with you .
TAS FxRanger
Thanks Ranger
in 5 weeks times, probably ....
TAS FxRanger
probably more :), not in a hurry :)
TAS FxRanger
And not in a straight line, with at least one big retracement
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