The background is weak and there was a recent weak signal. But when prices got near the dynamic trend changing point, it was already green again; prices then spiked up, which goes to show the danger of not following the rules. Now in GU it’d be interesting to see another weak signal to see if there is another dynamic trend setup, or if prices come down to 1.5155 they’ll be near a trendline, that with the right background, can give a potential trading setup.
With the background strong and with strong signals before, there is a high chance that the trend will turn. So after the dynamic trend turned bullish, entered after an entry bar marked by the volumes histogram.
When the prices approached a previous long-term resistance, I closed half the trade; then even after seeing supply signals I didn’t exit, because in strong trends like this, there needs to be a large amount of supply to stop it. So I waited for the dynamic trend to turn red first, and so then closed the rest of the position.
