GU:
This is still a candidate for a long trade. PA has created an EP area. Other pairs had good runs last session. This pair has remained somewhat "flat" after a modest drop a few sessions back. Since it has ranged longer than the others, it may be the one to move best this session. I am in this already from yesterday, at a price slightly lower than the EP shown. TP1 is lowered to place it within the average range, and TP2 is beyond the average range, but not far. If it runs well, I'll ignore TP1. SL is mental at this time, because when F,L traders come on board they could execute a pull back (down) to/beyond that level simply to sandbag for a good run up later. WARNING: Speculation!
This is still a candidate for a long trade. PA has created an EP area. Other pairs had good runs last session. This pair has remained somewhat "flat" after a modest drop a few sessions back. Since it has ranged longer than the others, it may be the one to move best this session. I am in this already from yesterday, at a price slightly lower than the EP shown. TP1 is lowered to place it within the average range, and TP2 is beyond the average range, but not far. If it runs well, I'll ignore TP1. SL is mental at this time, because when F,L traders come on board they could execute a pull back (down) to/beyond that level simply to sandbag for a good run up later. WARNING: Speculation!