Sunday GU fell like no ones business and kept falling.
We were retesting some previous monthly lows so the drop was expected.
Placed some trades on 8/28 entering after a break of rejection (1.17330)
exiting at a period of consolidation or correction (1.16760)
Priced corrected during London session, having my analysis from Sunday gave me an edge for NeW yOrK SeSsIoN.
1.6760 was an area of rejection, support becoming resistance... whatever you like to call it.
Once a close above that area, I initiated a long position back up to entry from Sunday exiting at 1.17445
Happy Monday It IS!
Happy Trading Week !
We were retesting some previous monthly lows so the drop was expected.
Placed some trades on 8/28 entering after a break of rejection (1.17330)
exiting at a period of consolidation or correction (1.16760)
Priced corrected during London session, having my analysis from Sunday gave me an edge for NeW yOrK SeSsIoN.
1.6760 was an area of rejection, support becoming resistance... whatever you like to call it.
Once a close above that area, I initiated a long position back up to entry from Sunday exiting at 1.17445
Happy Monday It IS!
Happy Trading Week !