Disliked{quote} Hi Guys, From a 4hr perspective, it is clear that GU could be going into a correctional phase. My future weekly pivot sitting currently at 1.30697 ish. If my weekly candle closes above 1.31000 I retract all I am saying here and would look for buy trades only in the new week. However, we all know that what goes up must come down, so I will look for shorts below 1.30697 next week. I have a confluence of supports between 1.2908, my yearly pivot, and my monthly pivot at 1.28687 and by my calculations, my weekly support will be around this area....Ignored
I am in with 2 shorts to start the week. Price currently flirting with my weekly pivot at 1.30728. If we have a 4 hourly close in 151 minutes from now, above my weekly pivot I would start getting a bit concerned with my shorts and more so a clear break above 1.31000.
Have a great week
Cheers.
Trade to trade another day
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