EU and GU, Caution!:
Right now there are asian session setups on these two. But, most frequently the asian session setups run flat, or reverse. With tomorrow being a US Bank holiday, the market will be less active. So, a key here might be to wait and see if PA makes it up thru next SR level (red line in the two charts) and comes back to test that level, before any entry.
If PA breaks up thru the SR, pulls back to test, then resumes move up, we'd have new and larger WAVEs, maybe for trades with a better chance of running true.
Asian session setups seduce, and frequently turn sour. Be extra cautious today.
Right now there are asian session setups on these two. But, most frequently the asian session setups run flat, or reverse. With tomorrow being a US Bank holiday, the market will be less active. So, a key here might be to wait and see if PA makes it up thru next SR level (red line in the two charts) and comes back to test that level, before any entry.
If PA breaks up thru the SR, pulls back to test, then resumes move up, we'd have new and larger WAVEs, maybe for trades with a better chance of running true.
Asian session setups seduce, and frequently turn sour. Be extra cautious today.