I've been looking for a longer term entry on GU rather than 100/200 pips.
Bollinger bands give really good trading signals if used correctly, right now it's is giving a selling signal with the top band hardly being touched, yet we can't use this due the fact it's still inside the squeeze area.
If we do reach the 1.53 area then we need to be super careful at this point, MA 200 & MA 100 could act as support and give us a rally up.
Poor UK data and wage growth/increase in the USA means that this could be a bear market for a short period.
Bollinger bands give really good trading signals if used correctly, right now it's is giving a selling signal with the top band hardly being touched, yet we can't use this due the fact it's still inside the squeeze area.
If we do reach the 1.53 area then we need to be super careful at this point, MA 200 & MA 100 could act as support and give us a rally up.
Poor UK data and wage growth/increase in the USA means that this could be a bear market for a short period.