Replies to post #123267 on Simple's Green Room

[Qui-Gon Kagi]

Pennies.......I see G/U priced 150 pips below the topmost line on a weekly/monthly consolidation wedge pattern. I would think that would be good for a pullback.

This new months candle began at the close of a wickless prior months 730 pip long bullish candle. That too makes me think we should see a decent pullback.

But if not, I've drawn a fresh daily zone lower boundary line at 1.64510. Whether that stops price or not there's a couple more daily zone lines above that but I have no intention of holding on beyond this current daily zone high of 1.6386.

I guess I've answered my own question but I was curious as to your take on G/U and the most likely price target that should turn it around.