Finally a peaceful thread, looking to continue learning from you.

Took the long and deserting my possible short trade, my first target for the long is just below 1.25000.

Possible short trade if we close below previous candle

I see more buying pressure up to 1.37

GU closes above weekly resistance, now it gets interesting.

Dollar index reversal on weekly has failed, price is now ranging on weekly.

I see 48k on the cards.

What I normally do is that, I monitor lower time frame when price reach that important level, it's either the lower time frame will create a reversal or just a normal Pullback so that leads price to fall or bounce. The most important part of all ...

Weekly chart failed to close above resistance, sending price into range on weekly.

Lol not alone.

It was actually 100 pips(1000 points), we just students of the market.

It's always the best to wait, especially after a breakout.

That was not resistance level but target for daily chart because when GU attempted to reverse on daily it failed and went the opposite hence it went long until the resistance/target, the daily is in up trend and weekly is in range.

I use the simple hh lh, ll hl to determine my reversals.

I'm waiting for 100.680 before I can consider this a bear trend but for now I'm thinking it in terms of Pullback.

I bet Soros would wait.

GU just broke out of 4-hour range. EU is really struggling with breaking out of this 4-hour range.

This week close is very important on weekly chart. Dollar index could fall to $94, that's only if the weekly reversal does work out.

Boom

+34 pips left to weekly resistance. Weekly Resistance: 1.24476