Daily Trend Still Support Bear - However, the price still moving up - so price in retracement mode; Now the price is testing daily Fib 0.382... I can't see any new LH at daily chart or price test previous bar low to suggest retracement is OVER... So price may continue to move up. Daily Fib 50% is critical; as if price move above the level then it mean Bull is in charge.
In 4Hr TF- Sentiment may change to BULL; but i'm waiting for further confirmation.
As my strategy ONLY TO TRADE IN ONE DIRECTION UNTIL THE TREND IS END...
So as the daily suggest retracement; 4hr sentiment not confirm BULL YET; so... i will wait.
I still favor to downside even i read a few hawkish statement for GBP... I only will favor BULL if 4Hr Trend Confirm UP...
HOPE FOMC meeting will give the CLUE...
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