General Observations:
I lot of inside bars wre formed today, but my prejudice for Dollar strength proved to be unfounded as major pairs broke the mother bars for profit, Although the rise was shortlived, it does remind me to trade price action and not to second guess the currency moves.
GBP/USD
The inside bar broke higher today but the momentum could not be sustained. With the EMA’s crossing and the strong recent uptrend coupled with the longer term strong downtrend, market direction is unclear. Will watch for PA signals as the week progresses.
Ive included Nials chart below, along with some other observations from various posters in the thread. I personally think we have to the upside and we may reach 1.59.
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