If you "think" it is over, it probably is not. You have to see it to believe it
I posted an article on Forexlive.com on the GBPUSD and how it has moved 850 pips in 12 trading days. That does not happen much. In fact, the last time it moved so aggressively was way back in April/May of 2010
So what does that all mean?
Many traders may think the move is overdone? Many traders may be wondering if they should buy?
For me, it may be overdone, but I am not convinced it is time to buy.
In this video, I look at the GBPUSD and explain how the sellers have remained in control by using technical trading tools that help define the control - and the all important trend.
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