Too many information on charts. What's a trader to do? Put context around it to filter and see the important stuff.
Price got rejected at the upper U-MLH (!) Here we are again. Another rejection will shoot price down to the centerline again (...maybe).
If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to short it. But I'm never in a hurry and I also don't cry if I miss a trade...there are millions to come...
Happy new week out there!
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Decision time again? hmm...
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So we waited...and now it could pay out. Let it settle on the U-MLH and then I probably take it long...watching PriceAction too.
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What a drag...but nice how price is respecting the U-MLH. ...someones filling his pocket with GBP? Really looking for a momentum to the upside.
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Finally - Looks like GU has made the decision to go North...