A beautiful support off the Huge fresh level we first identified. My belief is that this zone will support the price and move up greatly. Suggestion: BUY
Many has said that GU will sell but in my opinion, this pair has still not completed Level 3. I think it will rise a bit higher before a position for sell will come. However, this may also be wrong on my part. Suggestion: BUY
To those that don't understand the chart:
Green Boxes: These are zones.
Light Blue Lines: Are light areas of support and resistance where consolidation or small pullbacks might occur.
Red Lines: Lines where reversals or pullbacks might occur. This is also an area where the previous retractions had occurred.
Green Lines: These are Key levels; If these levels are broken, possible sign of a continuation of the current trend or a violation of the trend.
Yellow Lines: Current highest high and lowest low of the quarter.
Red Vertical Line: Represents the start of the quarter.
These set-ups, however, are not to be considered a SURE win. There are still many ways for us to see the trend; trading is a subjective factor. This is only a trading plan and must be also reviewed yourself before trading it. Every set-up I give is based from every quarter of the year. New charts are created at the end of the quarter.
Many has said that GU will sell but in my opinion, this pair has still not completed Level 3. I think it will rise a bit higher before a position for sell will come. However, this may also be wrong on my part. Suggestion: BUY
To those that don't understand the chart:
Green Boxes: These are zones.
Light Blue Lines: Are light areas of support and resistance where consolidation or small pullbacks might occur.
Red Lines: Lines where reversals or pullbacks might occur. This is also an area where the previous retractions had occurred.
Green Lines: These are Key levels; If these levels are broken, possible sign of a continuation of the current trend or a violation of the trend.
Yellow Lines: Current highest high and lowest low of the quarter.
Red Vertical Line: Represents the start of the quarter.
These set-ups, however, are not to be considered a SURE win. There are still many ways for us to see the trend; trading is a subjective factor. This is only a trading plan and must be also reviewed yourself before trading it. Every set-up I give is based from every quarter of the year. New charts are created at the end of the quarter.