Overview of Predictions Apr. 5
Prediction: GU has some bearish signs on D1 candle formation and we have a gap open…Most likely this gap should close as most do….our supports are at 5230 and lower at 5210/15 areas…and resistances are at 5272 and higher up at 5290/95 areas….
Results:
1. Long @ 5230, DD: 7 pips; MP 42 pips. Price moved quickly to our first resistance marked at 5272 so we should have taken 20-40 pips on this trade.
2. Short @ 5272, DD: 5 pips; MP 29 pips. Price fell quickly from this level and max profit would have been around 30 pips, but since we had a bearish outlook …we get stopped at Break Even (note: We will update some rules on moving stop to BE after price has moved 15-20 pips from our entry)
3. Short @ 5292, DD: 1 pip; MP 15 pips. Price fell from this level and moved 15 pips in the green so SL should have been at BE after 15 pips so we get stopped out at BE…
Overall Profit/Loss: +40 pips
P.S. Please leave us comments…. Those who are following our prediction levels, please give us feedback on what we can do to make it better for you to follow-up on how we will trade these levels.