Calm before the storm GBPUSD
After a long period of consolidation, GU has finally dropped. 4 hits to the high, the fourth hit being lower than the 3rd. I aspect some level of correction from the market to head towards the 61.8. I believe the MM would like to collect some money off any short sellers still holding and trick traders that it's going long, just for them to drop back down again. Price is in it's first push out of the 3 so I expect some level of correction even if it doesn't go all the way towards the 61.8.
P.S. Happy New Year, we're back after a very long time.
P.S. Happy New Year, we're back after a very long time.
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