Chart, page-3917

I for one am glad to see these levels holding, allowing the indicators to cool off before the next leg up. Literally now in uncharted territory. As a long term holder I was constantly surprised to see how strong the momentum was.

"Common sense" would indicate overbought but last time I was tempted to offload some of my trading parcel I watched the price smash through the upper trading range. On the 15m chart traders may seek to close the gap in the $3.6x range. Each to their own but for me the risk/reward ratio for GXY has favoured holding long and not missing the ferocious climbs up for the sake of a few extra pips.

For those sitting on the sidelines looking for another parcel, $3.6X could be a nice entry as from my charts the charts indicate we are consolidating before our next leg up targeting $4.04 in the short term (week) and beyond based on Fibonacci ranges.