As you can see from the picture.. the black line is acting as a support with the downward trend and the same with the red line as well acting as a support... all you have to do is watch out where I have the arrow illustrated with the single green arrow facing right... once that support holds then we are heading up.. if that doesn't hold then watch where I have...
Hi, here is another scenario that i think we might be seeing starting from next week with the head and shoulder forming..also it will range all through next week before we see the upside movement...i will be looking to have a buy order. Order 1: 1200 , SL : 1180 , TP : 1300 Order 2: 1180 , SL : 1160 , TP : 1300 Good RR Trade carefully
Just as i published a chart about 2 months ago on GU .. couldn't get to TP3 but i took profit on TP1 and TP2 before i moved my SL ... here is another chart again which already shows a different structure on GU... def going long ago.. trade wisely ..always remember your Risk Reward and don't forget to b/e to be on a safe side.