6.5.12 Tuesday - Rich

6.5.12 Tuesday
A/U
Large Monthly imbalance up but may take weeks to close

Resistances:
2H Simple: .9762 in the trading area
Daily Ema: .9785
Weekly Purple: .9811

Supports:
1H EMA: .9731
1H Simple: .9717
1H ROMAR: .9708
2H EMA: .9620
2H TI: .9690
1H Gold Trend is UP
1H DMI is UP
1H TI is UP and outside the lower BBs

Trends:
2H Gold Trend is UP but Gold is running right next to LR
2H DMI is UP
2H TI is UP
H-Ls are synced UP

PA above 2H Simple…looking for a long entry on open candle above 2H Simple to break resistance, but with Daily EMA in the way, the long is dangerous.

1. Long entry on 2H open candle above Daily EMA and maybe a retrace hit to 2H Gold.
2. With PA above 1H 200 Simple, this may go to 2H 200 Simple. Short entry on 2H 200 Simple.

Variables: As this approaches the upper bands, it can consolidate and reverse back into the down trend before reaching 2H 200 Simple. Look for syncs going back into the down trend as the up may be a retrace rather than reversal.

H1 and H2 golds synced down
H1 open under EMA and M30 open under TI
Open below H2 Simple and Daily EMA