Just and idea, longterm bullish, but lower high is lower high to me
I wish its up only but i need to respect what i see
Let me know,
Have a green one,
Jake
Did not use any of indicators or any. Just wanted to know your thoughts on my longterm thinking about GU.
If I am counting DXY weakening (FED possible decrease of Interest rates, now or later.. even if they leave them on same levels, USD loosing on value) plus England getting better on longterm.
We can see possible rise in upcoming months and years. Let me know...
Back again. FED will be on their target next interest rise, so with that information I suppose that Market starting pricing in this fact. Important will be BoE reaction on this and I assume that they will atleast few times rise, sending Cable upward faster. Corrections meantime are sure thing to grab and shake out retail in wrong direction.
If I missed something...
Short term - BEARISH
Im getting on bearish bias. Cable grapping liquidity from here and will be in need of correction which i consider as needed before another grow. Fundamental to this can be that DXY is also bleeding a lot and will be in need to correct itself before next FED announces/events.
Long term - BULLISH
As I already wrote. DXY manipulating whole...
Share your thoughts on this guys! Price touched markets previous BoS of bull move and stopped on 0,618 fibbo after BoS downwards, will it respect fibbo or grab liquidity from 1.239ish? Let me know if I think about it clearly.
Wish you green ones and enjoy weekend without markets!
Jake
