Dislikedwe are back and still in the first week of the month bear range.....Gu is now at the top of the first week of the month bear range.... what does it mean? well IF the gu movement is used as an indicator and preceding the eu next move we will be looking for that famous 1.1460.......IFIgnored
The were not signs of false BO, BO or anything....just a stampede.......but I had a look at the 60m and it was much clearer.....the last bar formed a bear inside bar just at my resistance......an inside bar is just a flag if followed by a bull bar.......being a bear bar if failed could trap trades so I place my buy stop order above it with a SL below it......made enough...now prices are at the PMH.
trading is simple but is simple is not easy.
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