Prediction: GU has some bearish signs to us…we have resistances at 5390 and higher up at 5405/10 with a key level at 5450 area…supports are at 5315/20 and lower at 5275 areas….So scalp long, trend short….
1. Short @ 5390, DD: 2 pips; MP: 43 pips. This trade went in plus and we put SL at BE after about 25 pips and get stopped out when we had some good green pips.
2. Short @ 5405, DD: 3 pips; MP: 37 pips. Price bounce nicely from our level and move SL to BE same as the first and we get stopped out again at BE
3. Short @ 5450, DD: 0 pips; MP: 90+. Price hit 54485, we took this trade as we recommend entry 2-4 pips from level marked and closed this trade late US session with a 90 pip profit. Price did not hit our support lines but we close daily trades that give 80-100 pips.
Note: The levels worked good today. We left some 80 pips to the market, but this is where it is important to follow rules. We set some rules but you are welcome to use these levels as u wish: Scalp all levels, trail all entries with a trailing (just some suggestions)….how ever will bring green pips.
Overall Profit/Loss: 90 pips