Howdy acouch, Nice chart. I just might point out that lhg did take out the first of the gaps (1.07) on the 25/6. I believe the fact that it filled the first gap and retreated immediately is a sign that 1.07 could be a point of resistance for a while. The way I read LHG is that the down channel is still intact. A move up from here of course would be bullish as the channel would be broken, the other gap at 1.19 would then become a logical target.
If LHG should fail from here then it is a long way down to test the lower trendline.
Regards
Commy
LHG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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