Daily chart perspective on GJand GU similarly

Updated

The daily time frame seems to be painting a skew double bottom, as price did in the 4hr time frame on the 28 September for the midweek reversal. Price could go up strong from the current zone that its in, or it could come all the way down to test 154.756 to confirm a very big double bottom on the daily to give a strong push up. We are at a critical zone now, so trade carefully and look after your trades. I am in 100pips profit at the moment from the morning buy, so will bring trades to profit and monitor from there

Trade closed: target reached

As predicted yesterday, the daily made a double bottom. We are now at major resistance. We need to break above this zone, retest it, and enter on confirmation. If the price cannot break and retest, we could reverse to make a big retest on bigger time frames

Trade active

So far, so good on this idea, been placing buys since this post, hundreds of pips later

faddy

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