Good job, ole chap. That's exactly what I was thinking, with one exception. I'm thinking it could go all the way to 227.40, a complete retrace of the last move down. 1H and 4H are both OB and Daily Stochs is still bearish. I'm really looking at 227.40 as a good place to sell.
M2B
Daily 21 EMA is 227.64 and this resistance level has not been broken since attempting starting Nov. 27th. Don't see any reason for it to at this point with both UJ and GU facing massive resistance above.
Also, minor resistance on 4hr @ 227.11 and r1 @ 227.25
Just above there is daily r2 @ 227.38. . .
I think we will see 221.90's before we see 230's. This pair is a sell for me all the way up if it makes it up there. . .
Good luck in your trading today. . .
but seriously as a relative newbie i must say that one of the most important things i have learned is that money management is key as it seems almost everyone was correct eventually if u were patient enough.... price returns as a genral rule if u use money mangaement and set stops that are appropritate to style and timeframes it all works out IMO... i have learned so much from whating all u great traders thanks again
