*forgot charts
Another 4hr pin formed in sucession...much stronger this time...Dollar index also has found support of lower channel support line around 81.50...Could be the combination we are after to get this retrace down to 5471/ 5315 area.
Im short of R1 at 5642 and 5620 .......small lot sizes with stop above 5700 incase this dont workout...dollar index could break below new found support which would give GU a push to hit 1.57 maybe higher before this retrace takes place. I expect us to pullback to 50% of the last pin before heading lower...
Stocky
Another 4hr pin formed in sucession...much stronger this time...Dollar index also has found support of lower channel support line around 81.50...Could be the combination we are after to get this retrace down to 5471/ 5315 area.
Im short of R1 at 5642 and 5620 .......small lot sizes with stop above 5700 incase this dont workout...dollar index could break below new found support which would give GU a push to hit 1.57 maybe higher before this retrace takes place. I expect us to pullback to 50% of the last pin before heading lower...
Stocky