There's a strong resistance on the left side, we might see a small bearish movement at the end of the year. Happy New Year, I hope everyone gets to close on profit!
Well, it is what it is, the GU could possibly go bearish after the UK was announced to be in stage 4 and that the US dollar is still strong.
The GU has been moving inside the triangle for almost a month now. What we can do now is to wait until further confirmation.
If the support holds the chart, we might see GU going into the previous daily highs.
We see the EU on a bearish movements yesterday. Therefore, we might see continuation on the bearish pressure until the previous low support area.
I think it is pretty clear that the support holds, and therefor, a buying until the previous resistant area is on its way.
We can see that the EU hasn't been able to break the support at least two times, and we might expect the third. If the support does hold the bar, then we might see the EU going bull just close to their previous resistant.
We might see a higher move from the GU as it could go higher from the support area.
We'll see if it holds on the support area. If it does, we might see another small bull into the1.39~ area.
Let's see if the chart would make a lower low. Please remember the NFL as well. Already set the breakeven stop at this point, and now we'll see what happen next.
A fair stable trade was done in the EU Pairs. It was slow at the beginning of the week, but eventually EU Pairs moved according to plan and is possible to move lower.
This is possibly the worse entry I've had so far. The setup was right, but I had to stretch the stop loss bigger; which was a bad move overall. However, it is what it is, it seems they didn't pass the resistance @1.39350 area hence the bearish movement since yesterday's US session starts.
The USD finally gain strength just before the US open and is now heading to the previous resistance area. We will see if the USD could maintain their strength until the end of this month.
We'll see if the resistance holds, and if it did, then we can see GU going all the way down to the 1.38~ support area
We will see if the chart respects the trend, and if it does, we might see a quick buying opportunity, before it either go bearing again, or move further bull.
I spotted the chart broke the trend, so we'll see if it's going to continue bearish in a short period of time.
The USD Gained strength after last night's fed meeting and breaks below 1.40800s, all the way through to 1.39900s. we can expect for today that the GBP will go and retest the previous support/resistance area, before going bear again.