H4 We don't have any bearish divergence therefore I'm looking for a correction before we get the higher high. What the corrective structure down will look like is anyone's guess at this stage.
Look for shorts on the lower timeframes 1st targeting the 38.2fib. It's important to note theres no confirmation wave Y is over at this stage.
Trading corrections can be dangerous due to the choppy price action So trade with care!
Here is my last GU H4 idea, Check it out to get the complete picture.
Good luck and trade safe!
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, share and hit the thumbs up now so others get the chance to see this potential setup and you get updates on the trade!
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Look for shorts on the lower timeframes 1st targeting the 38.2fib. It's important to note theres no confirmation wave Y is over at this stage.
Trading corrections can be dangerous due to the choppy price action So trade with care!
Here is my last GU H4 idea, Check it out to get the complete picture.
Good luck and trade safe!
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, share and hit the thumbs up now so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
Here's an M15 trade setup you could take if the bearish divergence holds and you get solid M15 candle TL break. If you don't get that and invalidation point gets taken out leave it alone.
Good luck and trade safe!
Comment:
We have broken the top, price continue to push higher in wave Y. The pattern has not changed, I still expect the X wave correction before we get the Z up. I will continue to look for short setups on the lower timeframes.
H4 chart
H1 Chart
As I mentioned in the description, trading corrections can be dangerous due to the choppy price action So trade with care!
H4 chart
As I mentioned in the description, trading corrections can be dangerous due to the choppy price action So trade with care!
Comment:
H4 We got the MACD cross down so what I would like to see now is a similar wave X as the first one. To trade this I need a similar size correction, TL break and H1 bullish flag ultimately targeting the 161.8fib.
