G/U Analysis/Prediction
Overview of Predictions Apr. 7
Prediction: GU is still bearish with key resistance level at 5315 (if this level is broken to the top we can see some more up moves) and the other resistance is at 5272…supports are at 5240, 5185/90 and key lower support at 5140/45 areas…
Results:
1. Long @ 5240, DD: 13 pips; MP 45 pips. Price broke through this level but SL should have held up with a tp at our resistance point for a 32 pip trade.
2. Short @ 5272, DD: 13 pips; MP 134 pips. This was a trend short trade to atleast our first support that price has not bounced at which is 5190, but as per rules we recommend to the lower support level marked of the day which was at 5140. If closed at support at 5190, we would have a 82 pip trade.
3. Long @ 5190, DD: 0 pips; MP 17 pips. This trade moved enought to put our stop at BE and we were stopped out.
Note: Price hit 51906 on our charts which we count as a hit. Also another note about trading the levels is that we count stops and limits not from spreads but price on chart….We use bid charts at Go Markets…
4. Long @ 5140, DD: 2 pips; MP 30<. This level was a key support level that we stated in the predictions, so profit could of been left running some pips….but we will count it as a scalp long for 30 pips.
Overall Profit/Loss: 144
Cable Focus & Analysis Apr. 8
Resistances: 1.5366, 1.5310, 1.5276
Supporst: 1.5163, 1.5129, 1.5073
Pivot: 1.5219