Wednesday, November 30, 2011

GBP USD


I noticed the up trend line and thought the candle had broken through it, along with a slim divergence on the AO.
Sentiment was generally Bearish so I was gonna join in,
but the FED and central banks all got to together and shared USD to EUR which weakened the USD and sent everything else up.

http://online.wsj.com/article/SB10001424052970204012004577069960192509068.html

Actually looking back there was convergence of a 50 and 61 fib level for support to go up.

Am I looking for evidence to support (ill) preconceived sentiment rather than what the charts are saying?

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