My take on GU. Price is supported at the 20 SMA. It is also the resistance turn support line. However, there is no clear break.(Downward trendline form yesterday high) Quiet asia market. Unless this candle breaks the downline, i wont buy EU.

Cable Trading (Serious Trading No Jokes)

I agree. Very quiet asia morning. Price moving sideway.

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2 Doji sign rejected the day high twice. Looking for more confirmation sign to sell EJ. Maybe a close below 50 EMA will confirm it.

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Really bad news coming out from Euro Zone. Market moving upwards after the initial spike down. Closing my short position.

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20 EMA holds and EJ had since break the 50 EMA. Close 1 position with 60pips profit 2nd position is now @ BE+1

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Hi Meje Missed the short entry yesterday too. Its too late in Singapore for that setup. My short position now stands at -27. Hopes the 20 EMA holds.

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Took a short position on EJ. Bearish Engulfing that breaks the 20EMA. Looking at continuation of yesterday move down. Entry 111.61 stop 112.24 Limit 111.00

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Thanks Shigeru and coldzone. Look like EJ is not giving up on its gain. Have to wait patiently for the next signals.

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Similar situation in May. Waiting for more signals before selling EJ.

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I did not take the engulfing pattern too. EJ open the week with a rising windows(Gap) and with the global market rallies, i dont think it offers great rewards. Im long GU @ 1.4631. I had since move my stop to BE+1 after the bearish engulfing pattern ...

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Looking at buying EJ. Price touching yesterday uptrend line starting from the long green candle. Price had to close above 110.55. Trade Entered at 110.68 SL 110.08 TP 111.50

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Not going to trade until the umeployment claim numbers are out. However, the long green candle is worth some consideration. It represents the day range. It had since retrace 50%. Under normal circumstances, i would have buy EJ now.

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Latest Break higher fail at this week range high again. Bearish Engulfing forming. Will Sell EJ if this hour candle close below 109.50. 50 EMA is at 109.57 Trade not taken as price fail to close below 50 EMA

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With yesterday failure to breakaway from range, rates decision coming out, and US employment claims, its better to stay clear. No clear bias today.

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Moved my stop to BE+1 because of the shooting star in the hrly chart. Trade Closed. Stop out at 109.85

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brought EJ on break of downtrend line from monday high, and todays high. SL 109.20 TP 110.60, 111,40.

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Brought EJ at 109.89 after breaking away from the pennant. Hisgh risk trade as it barely break away and resistance coming in at yesterday high.

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A Pennant formation on EJ which favours a continuation of preceding trend. Waiting for a breakout confirmation before selling EJ.

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EJ running into some resistance at 110.20. Im standing on the side after Friday sell off. No trading for me.

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Not much movement on EJ. NFP is the big thing today and im waiting to sell.

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