I think we can be more or less sure that the trend has now turned up on this pair. I'm holding longs, although I had closed earlier, I reentered when turning up for the day today, after we made a new daily low. That was a good cue for a potential short term bottom. I like the VIX key levels on this pair, I have talked about this in the past. For more information, check Tim West's publications.
If you're long, hold and trail stops gradually. Good luck!
Ivan Labrie.
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Broke yesterday's high...holding and monitoring it.
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Strong action today. Hold! I think we might drift sideways for a while soon, but overall, bullish on this pair.
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