Quote:
Originally Posted by nutrader
is anyone else looking at gy now? Whould appreciate your views
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I see your channel marker yeah. The lower line hits on c153.80, which price has acknowledged during today’s descent to current levels.
I tick-boxed this area (154.75-153.20) yesterday as a noteworthy area on continued downside momentum & 53.20 is receiving a cushioned shoulder thus far.
If price is going to get a lift, then this would a good a place as any to begin considering your move I guess.
Quote:
Originally Posted by Andre Mayer
Visible downside from here bookmarks the 154.75 region
In fact that shaded area I've marked up around the 153.20 to 154.75 zone would certainly get my attention next time around as it hots up.
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Personally, the short through that 154.75 marker into the bearish early London momentum, with a partial pare out at the 153.20 step appears the higher odds/lower risk deal?
If it pops down further from here you’ve got a value seat, if it breaks back up above 153.90 (minor swing high) you can cash out & maybe look to switch camps.
Depends how you’re looking to play the current flows? & what your mid-term aims are.
This is what could currently be described as
"a 30minute-a-throw-market" at the moment – by that I mean the flows & bias are being contradicted virtually 2 or 3 times per day & flipping sides on the spin of a dime.
I don’t know about you, but I’m finding the keener value is to play it off highly visible intra-week levels via a shorter timeframe view until the price action stretches out a little more.
