Hi Traders, I took a few days off to fully enjoy the precious time with my family & friends celebrating Chinese New Year, It's been so long since I'm totally off the chart for several days. For those who concerned if I'm okay, I am fine :)
Currently we're looking at clear higher lows and highs sequence on the 4h chart on GU, with EMAs clearly sloping upwards. But I've noticed that RSI is slowly indicating overbought & divergence condition. If you're looking for buys make sure you're buying on the dips. 1.3850 & 1.3759 support zones are area where i'll look for buys. I do expect a bit of rotational move downwards before further bullish continuation. Avoid chasing the market and stay reactive. Do not forget the overall trend on higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Currently we're looking at clear higher lows and highs sequence on the 4h chart on GU, with EMAs clearly sloping upwards. But I've noticed that RSI is slowly indicating overbought & divergence condition. If you're looking for buys make sure you're buying on the dips. 1.3850 & 1.3759 support zones are area where i'll look for buys. I do expect a bit of rotational move downwards before further bullish continuation. Avoid chasing the market and stay reactive. Do not forget the overall trend on higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.