GU is toying with the WL @ 1.3512 level for now.

Coreg's EW+HP+D/W Range

Please note that last week, GU formed an inside bar on the weekly time frame. Both ends of the range have already been tested. It's important to monitor the weekly low at 1.3512 for a potential continuation lower to 1.3458. The weekly (ATR) for this ...

Coreg's EW+HP+D/W Range

Potential support zone for today (if GU gets there, all depends on the reaction to CPI data) is between 1.3489 and 1.3471. GU already hit the DRE zone.

Coreg's EW+HP+D/W Range

1.3583 is an important level on the daily TF. image Added. image

Coreg's EW+HP+D/W Range

I wouldn't rush into a long trade until I see at least a change of character (ChoCh) to the upside because so far, every demand zone has been breached.

Coreg's EW+HP+D/W Range

The market cooperated.

Coreg's EW+HP+D/W Range

PA on the GU formed a symmetrical triangle, so by the book, the breakout should be to the upside b/c prior move was up. But the market does not always behave by the book. It would be too easy to trade.

Coreg's EW+HP+D/W Range

birdland, that's what I've been preaching all my years being on the FF forum.

Coreg's EW+HP+D/W Range

birdland, absolutely awesome and very admirable. In the early 90s, I depended on the chart printed in Investor's Business Daily (IBD), the first newspaper dedicated to technical analysis. I just dressed them up with horizontal and diagonal TLs. Your ...

Coreg's EW+HP+D/W Range

birdland, I survived them all.... From '98, I have only followed the chart. image image Added: I don't trade UJ not b/c I got a bad '97 year in this pair.

Coreg's EW+HP+D/W Range

I know, too.

Coreg's EW+HP+D/W Range

Whale, the day is not over yet. Bulls need to push through the resistance, or bears need to break below the 1.36136 level (as of the 8:30 am print). The data was good for the Dollar, but it hasn't cooperated so far.

Coreg's EW+HP+D/W Range

Before the storm ...

Coreg's EW+HP+D/W Range

Two potential targets after wave 5 failed.

Coreg's EW+HP+D/W Range

The resistance level wasn't so minor after all, but the DXY is recovering nicely so far, above 98 again.

Coreg's EW+HP+D/W Range

Miti, unfortunately, we are not in his circle, so we need to rely on the charts. On the 30-minute chart, the evening star (supply zone) is preventing further advances to the upside. image Not too much has changed on the daily TF. Target if the ...

Coreg's EW+HP+D/W Range

GU bounced nicely off the potential zone for wave 4, gaining 50 pips. Currently, it is facing a strong resistance zone between 1.3630 and 1.3645, with R1 and YH. image If you have any questions about my trading method, feel free to ask!

Coreg's EW+HP+D/W Range

The setup for wave 4 is still valid as long as GU doesn't drop below 1.35786 image image

Coreg's EW+HP+D/W Range

Watch for the potential failure of wave 5. The correction was too deep, and a new high is in question. image image

Coreg's EW+HP+D/W Range

GU printed ID bar yesterday, and today we have had a nice extension in the range (107 pips). Bearish bat pattern in play.Targeting 1.3603. image image url

Coreg's EW+HP+D/W Range