Absolutely not. One of the key things we also have to watch, as always, is the ADR. Currently, it's sitting at 153% which means GU has already moved 53% over it's average ADR. That could be a setup for a bounce. Wait for the zone retest. Don't try to anticipate it when it's between zones like this.
In case you haven't seen it, this is the ADR tool designed by Alphonso with the SD indicator package. I like it a lot better than Compass FX's tool. This one is very non-intrusive...doesn't clutter up the chart.
Any time a pair is approaching 100% of it's ADR, it's time to be wary about taking any more trades in the current trend direction for the day. At this point, it's definitely not advised to continue shorting since we're so far beyond the norm.
News 
Market Data 
Discover 
