GU appears to have bounced off a support at 3158 for now and so that doji might not be a critical factor

Daily Trading Ideas

After 3 bullish candles on M15, PA is still in between M5 lo and M5 hi. I want to believe that a buy will be triggered when PA closes above M5 hi

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Aki hi. I believe M15 is getting ready for your set-up. I want to follow it through to get a full handle to your set-up

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Are you saying you didn't take your profit at the point PA hit BB low band on H4?

Daily Trading Ideas

Respite for the bulls for now but let's see how long it will last

Daily Trading Ideas

PA has re-crossed M5 average at 3255 to the upside and has formed a potential bull support at 3256. So. 3296 (WR 78) is now on the radar, at the first instance

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The last M15 and M30 candles in GU announced the presence of the bears. However for them to touch the bulls they have to take out the H1 average at 3242

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Surprise surprise, GU is massively bullish. From my chart the RSI divergence of March 13, could not push down PA to H4 average at 3192 after 2 days. Also, the last H4 candle is in no mood for the bears in any beat.

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Exercise a lot of caution, GU is now bullish. Infact, Auto pivot R1 at 3238 and H1 swing average at 3221 are now on the radar. Have you noticed that the M5 rally which began at 4am (GMT) today is yet to lose steam?

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GU has just closed above H4 average which is way behind at 3118. For the bears, this is not good news.

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What news was that? On Brexit?

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The bears have taken out the M5 swing average at 3226. If the old H1 average swing high at 3221 does not stop them, then we shall be looking at the next one at 3184 or the WR 38 pivot at 3188.

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Of course, the bigger trend is still bearish but the interim trend is bullish. Fib 50 of the D1 latest swing is at 3057 and nobody will win a prize for predicting that PA will get there soon

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GU has closed above the H1 average at 3017. Apparently, the party is now over for the bears

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Hope you are now out of your GU shorts?

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Since Frankfurt open, GU has done just 30 pips for the whole day

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3126 now on the radar in GU

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Anybody with an idea where the current bullish run on GU will terminate? For sure, the trend is now bearish. Will it be 3203 (EMA 200/M15) or 3227 (MBB/H1) or even 3242

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The last two candles on DI, which are engulfing, is an indication of where GU is headed

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Still dicey. M30 has just closed below EMA 10 but the bulls are still around

Daily Trading Ideas