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Had another look, if its scenario 4, theres a tiny gap just...

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Kaeho

7,025 Posts.

1638

26/11/20

05:19

Post #: 49150357
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Originally posted by Kaeho: ↑

I see 4 possible scenarios...

1. We continue to break out and assume the news to be super positive

2. Drop back down to maximum 1.835 and remain in the current breakout channel.

3. Drop down and bounce off the neckline of the inverted head and shoulder pattern which happens to exactly 1.70

4. Back on to previous trading channel and slowly drift to around 1.7 till mid December before making another run. I doubt it will go lower.

Scenario 2
Scenario 3
Scenario 4

Expand

Had another look, if its scenario 4, theres a tiny gap just below 1.7, likely that will get filled since its within the channel. Thats If UBS decides to short this since they get a free pass to cover from the cr. If we get down that low than we really got shafted by the management and UBS gangbang.

Got my trading parcel all lubed up ready to go.

Last edited by Kaeho: 26/11/20

GXY Price at posting: $2.00 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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