I have shorted GU at 2141. Reason: The bearish RSI divergence on M5 should take us to M5 average at 2125 for starts. What PA does here will determine my exit or not. Protection at 2151.

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Just returned to the Platform to notice that M30 is now posting a bullish RSI divergence thus ending the run of the previous bearish divergence that earned 20 pips. At present, GU is bullish all over

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Don't be too sure. That bearish RSI divergence on M30 is yet to play out

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Classic bullish GU, 35 minutes to FOMC. Any guess what to expect?

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The bullish M30 bullish RSI divergence of the 1030 GMT candle that started at 2120 produced 28 pips. The current one is bearish, off 2139. Let us see how far it can go

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Bearish RSI divergence on M15 in GU. Bulls beware

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Yes, PA (price action) is King but when PA stalls like it is with GU presently, it pays to take a look at those indicators even though they are laggers

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The bulls will have to take out the M5 average at 2130 first

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In GU, we are at the confluence of so many indicators (2120 area): EMA 200/H1, EMA 200/M30, EMA 500/M15, old H1 average and current H4 average. So why has PA not gone back up from where it has come? Is the tide about to swing in favour of the bears?

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So just because Merkel coughed, GU spiked. Well, the storm has now settled, so back to business. GU bulls have surrendered 2118 (old battle ground) without a fight. If M5 average which is presently at the Daily Pivot also gives way, then the bears ...

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The GU bears have breached the M5 average currently at 2135. The bulls won't be smiling at all

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The bears are beginning to lose steam in GU, after touching 2103. There are now bullish RSI divergences on M5, M15 and M30. Meanwhile, the bearish H4 RSI divergence of last Friday has now produced 70 pips

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Another RSI divergence on M5, this time around bearish. In effect, the bear support is now established at 2129. The battle front at 2118 is the last line of defence for the bulls for now. If it gives way, 2100 has happened

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It's like the bear support on M5 is about to manifest. The Bullish RSI divergence might be tiny but it is propelling PA to the M5 average at 3132. From here it will be mar or break. If the bear support shows up, we shall head to 2100 if not, the ...

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For GU, that was a drop of 45 pips at the first volley. There are no bear supports yet to confirm more southern moves but that is where PA is headed apparently. The question now is where it will finally down to in this London session. PA is now at ...

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In GU, the bears are now attacking 2141 furiously, an old H1 average swing hi. If they succeed their next port of call shall be the old H1 average swing lo at 2124. The bearish RSI divergence on M30 has given the bears the bragging right

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Sell set-up on M15 by Aki's method. There is also regular divergence on M15, six candles away. PA has equally gone below M15 average(2150). Were this to be London open there wouldn't be any hesitation to pull the trigger

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It's 5 hours to the Asian Session and GU is posting 2144 at the moment. It doesn't look as if we are going to have any huge gaps but we keep our fingers crossed For me, the bearish H4 RSI divergence is yet to play out. From experience, GU has to dip ...

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I just came back to the Platform to notice that the bulls have been fighting with all they have got to delay the song. Did you say, some news from Germany? Could that be the reprieve the bulls got? Anyway, from the chats, despite all their roars, ...

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The bears (in GU) have hatched out a potential bear support at Weekly pivot R38(2156). Their next target is the M15 average at 2146. If they can take out that one and establish a bear support there too, then they can begin to sing

Daily Trading Ideas