Dislikedanother buy setup on GU..let's see the result... entry at 1.9572, tp1.9587, sl 1.9557...Ignored
Just a few thoughts on your trade. I only follow G/J at the present, so I am not familiar with G/U's latest movements.
For a better long entry, wait for the red Lag to hug the bottom along with the blue.
Wait for a nearly simultaneous cross of blue lag above trigger and STOC or MACD cross.
Careful also as by the look of it the red MA is above the blue MA suggesting a downtrend.
The 60EMA can be one of many rebound points so I personally tend to wait for a close or two above barriers.
I know comments are easy in hindsight. Do heaps of past history trades looking for regularity. Sure there are some fizzers but usually a lot less than the winners.
regards D.
where thought goes energy flows