GU
11 00 am Update
This pair as been good to both Sun / NVP and myself this morning
After 7 30 am and above 4220 - we knew it was in a bullish price structure for the morning session
My chart maybe can explain thast - as really 4200 -4210 was a LiTs area - above favoured buys and price rising and below both prices the opposite
4240-42 provided the break out spot - ideally we needed over 45 and 50 and then it was going to try higher
That happened and we had narrowed it down to price staying over 4222 and 4227 to keep looking at scalp buys etc
Here's my chart set up
How confident was I that it would make above 4250 ? - maybe only 70 -80% - the probabilities favoured it - but the market as we know can do what it likes at times - luckliy this morning - it kept to the basic rules of HH's and HL's