Discuss Forex and Commodities
>>1627507
uhhh they don't earn revenue?
In a year from now we will all be kicking ourselves for not buying GBP and holding
>>1627533
What do you mean? I'm not sure I understand your question.
>>1627536
In a year, could be. But where do you pick the bottom? If you'd pick now for a bottom how much drawdown would you be willing to sit through?
Right now the GBPUSD and EURUSD weekly charts market structure is indicating down, while the weekly EURGBP chart market structure is indicating up(meaning they are selling GBP to buy EUR). This triad or triangle of pairs suggests that the GBP is still weak.
>>1627533
though they do affect revenue
4H market structure is countertrend to the daily market structure.
Anyone anticipating a countertrend move for London to dip down into support around the origin of this leg? Or anyone anticipating just some kind of mitigation from the previous lower leg?