Hello everyone
Its been a while since my last chart here, not sure I share the same bullish sentiments like others , here is my case in point.
WEEKLY CHART
All indicators looking maxed out ( red thumbs down ), high on the bollie, so I dont think it has a hope in hell of breaching that strong 50 fib resistance ( black arrows ), needs to cool off if GXY wants elevate to the next leg up IMO
DAILY CHART
All indicators here are maxed too and looking to roll over, 5 & 9 ema looks to be rolling too, looks like a descending triangle formation which needs to hold @2.60 or it will come back to the 2.27 support line, which pretty much matches up with the 38 fib weekly.
I sold out and will wait for re entry.
Just IMO of course, no financial advice here , DYOR
