Quote:
Originally Posted by greywolf238
The market is very slow today because of the holiday, i think most traders are going to sit out on trading today, it's better just to play with a demo account today.
Any thoughts on G/U today..
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Well i recommend everyone to stay away from the market coz it's dead slow ...As i mistakenly enters for long on EURO/CHF but i was holding my long position since from morning and atlast closed with -13 Pip's now see E/C Seems like retraces back in my favour now if i still remains there than i can close my position on breakeven point...Anyway's its a part of business...
& about G/U I think its also still struggling between This triangle trendline & i think maybe it if go maximum than maybe try to break its resistance line and hope so from their it will fails and retraces back than onthis point will be a good short trade. No doubt that from weekly G/U Chart trend absolutly seems bullish but from daily chart seems like maybe it a time to show some bearish movement now for maybe next couple of day's but it also depends on other condition's like fundamentals and technicals like it break its D/F resistance levels time to time or not??? but now if in a 4-hour chart if G/U Break its resistance line than maybe it may also shows some more bullish movement but i think it will not coz its a closing session now and if it breaks the resistance level than i think bullish move will be not enough for a good long trade ...stay away for today...