{quote} Thanks Binnie. Very kind. Colour - It was white when I started and switched to current black couple of months ago. Like it as the candles and TL stand out really well (my own opinion) Your suggestion is good. I have at one time thought of it. But keep spending time almost everyday watching Nel's videos again and again and kind of never have time to write my own trade plan. I will do it. Maybe I can finished it by this weekends. Here is my anticipation for GU {image}
make time to prepare a written plan. It will help you keep on track and save you from entering trades on a whim. I have looked at your GU anticipation & can agree that a Short has plenty of ticks in the box.. but you could meet some trouble at the lower Support T/line. My charts differ to yours so I am only guessing you would get a trigger to short if the Macd confirms a TC for you. Remember we are inside a wedge so direction is still undecided . In a consolidation, the rules say play from the outer boundaries only . If you have a look at the bigger picture on the weekly , price is really strong and is attacking that 2009 Resistance high. If that level repels price, the H4 might be able to give you a decent pullback towards the 89 level.. but you are playing against the overall Bullish trend.
Not saying a short wont succeed here, but I would sit on my hands until the market tells you what way to go. Write down a Plan A & B. If you prefer just draw your directional lines on the chart then watch it unfold . Once you start preparing plan A & B , this will also help you use the S&R levels , T/Lines & BRN's to anticipate BPM moves.
Finally - there is some RED news from UK in 90mins or so and there is also USA Unemployment Claims 3 hrs later.
Hope we are helping buddy. Play safe.
If the last significant low can be taken out, there could be a downhill run to the Weekly S & R 1.4440 area. {image} {image} Good pips mate.
I have been there many times....never care to visit that place but often end up there 
