Hello Traders,
Yesterday in my daily market commentary, I talked about the GU, particularly looking for pullback setups towards two key levels. The pair went to the first, and then sold off 99 pips, so hopefully you profited from that one.
You will notice in the chart above how the pair is forming an honest attempt to bottom, showing signs of two way order flow (can also be seen on the 1hr chart). If the pair clears 1.5272, then it will test 1.5320, and a clearing of here should bring it up to 1.5400, so some potential reversal plays here.
Watch the intra-day charts at this first level and support around 1.5200. A break back below the prior lows brings up 1.5075, so plays on both sides here.
Kind Regards,
Chris Capre
Yesterday in my daily market commentary, I talked about the GU, particularly looking for pullback setups towards two key levels. The pair went to the first, and then sold off 99 pips, so hopefully you profited from that one.
You will notice in the chart above how the pair is forming an honest attempt to bottom, showing signs of two way order flow (can also be seen on the 1hr chart). If the pair clears 1.5272, then it will test 1.5320, and a clearing of here should bring it up to 1.5400, so some potential reversal plays here.
Watch the intra-day charts at this first level and support around 1.5200. A break back below the prior lows brings up 1.5075, so plays on both sides here.
Kind Regards,
Chris Capre