GU well exceeded my resistance level when the EU interest rate decision was announced followed by the speech. Due to this, my initial trade was stopped out. I have re-entered here at the perfect time where I will ride the price down to 1.41855, near previous support.
DXY still pushing lower see chart attached,. manage risk well on this
Possible Short setup on GU as it's forming a bearish wedge at the moment. Easy scalp setup, or possibility to hold and try and reach previous low.
GU have been forming a SHS formation lately and it planning to do the last move, as an AB=CD for the completed SHS formation at 1.405. Great RR trade (though I posted this a bit late). Our pullback went straight to 0.5 fib and prior resistance, as well as lining up our AB=CD move, so looks really bearish
We have a nice GU long option for the GU. At all times, wait for confirmation and lookout for breakouts. Don't trade it if it breaks through the support level or structure level. Again guys, watch the annotations in the chart and all best of luck! Best of trading. - Max
GU broke through trend support, expecting a little retracement up, at that point I will try to enter a short position around 1.415
Price has had a substantial daily pullback to 50% fib level Has now broken inner and outer TL's Shorts in play. Target 1 0% fib level.
GBPUSD had a breakout of the range it was in to the upside. Looking to buy pullback. -First possible aggressive (more risky) entry at 1.455 -Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452 As long as we kinda stay in the pitchfork formation we are good for longs. Targets to watch if we break to the...
GU - Long - Since it looks like the markets are doing better then they did last week we could see a nice retrace of the big non stop sell of we had the last 24days. Fib levels to watch. Stop around ~1.422 First Trade this week hopefully you all have a nice week! Good Luck Trading out there! :)
GU is going nowhere. It seems that daily correction was broken to the downside. But if its really the case, we shouldn't have an ending diagonal like structure. None the less, I will wait it out on this one. But awaiting some sort of consolidation to trade the breakout to either side. Most favorably to the upside.
Here we have a massive bat pattern which has finally completed. We also can see a downward sloping channel where price may be reacting off of support.