Prediction: Our outlook on GU is still bearish with supports at 4690/95 and lower at 4610/05 with some support at 4710 area.. resistances are at 4830 area and higher up at 4865/70…Trend top level and scalp the other levels…
1. Short @ 4830, DD: 0 pips; MP: 40 pips. Price hit 4829 on our charts (exception)and price quickly moved for 30 pips as this was a scalp level.
2. Short @ 4865, DD: 3 pips; MP: 57 pips. This was our trend trade and SL had to be moved to BE after 40 pips….also the trade could have been trailed by 40 pips as we have done on this trade which stopped us out for 20 pips.
Overall Profit/Loss: +50
Pips this Month: +365