As I said in the last weeks ... As with EJ, GU consisted of the same patern W and 1 week chart and 1 month chart what makes me prepare for Sell 700-1000 Pips as I say for a few weeks!
If we look into the left on the one-month chart you will see that even if he closed below level 1.42, Gu has climbed up to Zone 1,43700 before he descends 2300 pips!
THIS WEEK...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see as in both they are at the end of W and expect an imminent descent!
if the month of May closes below 1.41800 I will look for SELL for at least 500 pips! if not ... I will wait for a new climb to the 1.43500 area after which ... DOWN AGAIN 700-1000 pips!
You can see that on the 1 week chart, the bands formed in circles have exactly the same configuration!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
If we look into the left on the one-month chart you will see that even if he closed below level 1.42, Gu has climbed up to Zone 1,43700 before he descends 2300 pips!
THIS WEEK...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see as in both they are at the end of W and expect an imminent descent!
if the month of May closes below 1.41800 I will look for SELL for at least 500 pips! if not ... I will wait for a new climb to the 1.43500 area after which ... DOWN AGAIN 700-1000 pips!
You can see that on the 1 week chart, the bands formed in circles have exactly the same configuration!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.