GU Rising Wedge

2017年5月6日

GU broke out of range and moving up in a rising wedge. Original target for short was 1.30 but it's too close to current price and may gap up over French election weekend. Watch for 1.33 where it will reach 0.5 retracement of the larger drop and top of downward channel.

2017年5月6日

ノート

GU daily view

2017年5月10日

ノート

Took profit last night at 1.290 structure and added new positions today at 1.295. Price currently tracking a bearish expanding wedge. Let's see if it breaks down when it reaches the bottom of the rising wedge. I suspect there is one or more ups to go.

2017年5月12日

ノート

Still holding shorts. Good profit. Hope that GU will close gap :)

2017年5月16日

手動でトレードを終了しました

Close in profit. Dollar is weak and there is no catalyst in sight for it to get stronger. Time for dollar bulls to go to sleep until the bears are exhausted.