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Today early signs point the we might have a move up with strong reversal candles on 4h and daily…Strong resistance 5975…if this is broken we see 6012 as a good short point with a 15-20 pips SL that could take us down to 5890 area….
Usd looks weak early…we have some minor resistance at 6010 area but it looks like we can run up to 6080 before any shorts get some serious thought…also strong support at 5965…I will try to update as I see more, but I think there will be a nice buy trade from around 5980 area for a run up to that 6080 level…Happy trading all…
Looks like we will have a slow euro session that will chisel out a bottom for us to take us into US session going long…I think early trading will be ranging as there is no news. A good note is that GU had a bounce at 123% hitting 1.5535 so we could see a bottom for today's trading day…So going long from the low range with a minimal stop loss and a t/p at our resistances which are at 1.5608 and 1.5640 levels would be a good trade….Happy trading all…
My outlook for GU today is long…we have resistance at 5655 and a good level at 5735… support is at 5605 and 5570 area…personally im long at 5610 with tp’s at first and second resistance…so entering long at the support areas with small stops would be a good plan imho…Happy trading all…
I think gu can move up to double top at around 5730 and move down from there….but if it breaks this double top, price will move to 5800 area (hard to beleive)…there is supports at 5645/50 and 5605…so longs off supports with trailing stops and shorts off double top area with at least a 50-70 pip target….
There is support at 5615/05 area with stronger support at 5570…I think we can have a G/U run up to 5720-30 area today with minor resistance at 5660…but if bottom support is broken we can see the downtrend continuing…
We have been ranging on G/U for the past week…today we should see a test of the upper range at around 5760 area before sellers get in…supports at 5580 and 5670 and resistances at 5740-60 and the 5800 area…There is some key news this next 2 days for GBP so we should see some good movement….So going long off supports with trailing or tight stops should get some pips (unless we have a major sell-off)…Happy trading all…
Today we can reach 5850 are for gu which is an important fibo/resistance level….we have supports at 5760 and 5730 and resistances at 5805/15 and 5850 area….Going long off supports and possibly shorting from upper resistance should bank us some pips…
After this big fall we have come to some key daily levels…I see support at 5370 and 5340 areas so taking these levels as bounce trades should get us some pips…As for resistance, we have 5455 as a key resistance as also 5490…Today should be a good mover as its desk cleaning day…Happy trading all…
Overall we are still in a downtrend…but we had a nice bounce on a d1 fibo level…our supports are at 5435 and 5380 areas with resistance at 5485 and 5530…the upper resistance should be a good short level with a tight stop…buying off supports with trailing or tight stops should give some pips. As we are in a downtrend we should play longs safely…Good Luck guys…
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No negative month performance
