You might anticipated that almost every word written in previous posts were tought several days ago, even weeks, and it's true. I sat down on march 1st and wrote almost every single entry of this blog so far, and also had a few more written, but as time goes by, I don't see any benefit of publish those.
By now, I'm willing to look the market just as an observer; I don't feel ready to start trading again yet, so I'm going to make my own analysis and time is going to tell me if I was right or wrong... But remember the absolute truth: MARKET IS ALWAYS RIGHT!
As published in previous posts, I'm going to follow only major pairs, and for now the GBPUSD:
As you can see, I was right on march 11th, but I didn't enter the market. That's another issue, believe it or not, I have an internet conection problem and it's difficult to me stay connected all the time. What am I expecting about this daily chart? Well... you can see a big red bar about monday, and a kind of doji on tuesday bar, but this trading day is just beginning so it doesn't have sense to consider this one. With fibonacci extensions, price could retract to 1.4533 on tuesday, even 1.4433, but not beyond, and that could confirm a new uptrend.
Price could reach then 1.5280 at least, even 1.5469/1.5479 on april 14th. Time will tell...
Tomorrow we'll see what the hell happened!
