Morning Traders
A quick review of a few pairs I will be looking at trading today - Also Remember - US - Thanks giving day - so off this afternoon
As at European Open approx 7.00am time
EU - topped over 20 hrs ago at 3613 and then approx 4 hrs later a LH at 3608. Low 3558 - so approx 50 -60 pip range - with a break needed next. Immediate intraday bias is still up above 3550 and its a case do we get a LH again under 3608 and then a clever ploy of not going under 3550 - but just enough to get more bears in - before we then shoot up to 3630 / 50 area.
Only the players know that one - but what ever happens we can be with it - so GL on this pair
For next hr my scalp cut off prices are 3571 and 3562. Above - scalp buys in order with us needing 92 to hold for the 3600+ area again.
Scalp sells under these 2 prices and hold if we go under 55 and 50,
GU - 6330 is - the high of yesterday and now price at 6315 and above 6280 still bullish again. Ideal for fakey's either way - so be careful over the London Open ;-)
UChf - Low at 9040 over 20 hrs ago and now a HL in last 2 hrs at 9070. So scalp bullish over 70 and thats been a nice scalp buy from 73 already for me and I took 70% off at 77 and will look at taking the rest off if we dont go over 81 in next 7 mins
Will update other pairs later
Have a great trading day ;-)