Monday, May 23, 2016

GU week 4

GU on last 19/5 has reached 1.46628 which is nearby to the MKL 1.4675. However it fails to close above it, thus the bearish momentum towards the below MKL of 1.4325.

The bearish mode commences as of 20/5 and as of todate 24/5, the price has break SKL of 1.4575 and yet to touch SKL of 1.4425.

If i were to ignore the MKL rules, and opt for SKL then that means the price is bouncing back to 1.4575 again before bearish back 1.4425 and below?


No comments: