Question on Fri 3 Aug analysis

'Would your trading ideas have allowed for buys on Fri as your view was sell?'

Short answer yes on GU no on EUR. We have been anti counter trend EUR for some time as it often doesn't have the same legs that GU has.

We were not in front of the computer on this NFP day, barring that this GU move up had about everything we could hope for in a CT move.

1. An identified support level from D chart that we have had marked for some time 1.5500.
2. 4hr higher low following divergence, arrow up
3. 4hr engulfing positive close
4. 1hr divergence 
5. Even prior to the 4hr engulfing close one of the set ups that we like is when GU closes at or just above its immediate range, see 1hr arrow up. NB the 4hr divergence was already confirmed with earlier closed candles
6. 5 min broke the range, red line 1.5535, tested that level again and had higher lows from there. 

We will take GU counter trend with good 1hr set up candles and clear angle on 5 min ma's.