GU - GEARING UP FOR BEAR RUN
Looking over the chart after exiting my short position in profit.
1.26000 - 1.26500 acting as a strong support at the moment and can see this area was previously a strong resistance zone.
I am looking for the short from this zone.
There is some danger that 1.26 will act as a support (basic lesson: Resistance turns to support).
What are your thoughts?
1.26000 - 1.26500 acting as a strong support at the moment and can see this area was previously a strong resistance zone.
I am looking for the short from this zone.
There is some danger that 1.26 will act as a support (basic lesson: Resistance turns to support).
What are your thoughts?
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