Hey guys! Let's have a look on GU of 4H timeframe. Now we are sitting on the main level of resistance (4H and Daily as well). Gonna wait for new impulse to the upside according to our trend. But on a Daily timeframe we can notice ascending nature (channel) and we know this is reversal pattern. So the new impulse to the upside should appear and then wait for a...
Quick update on GU. Let's have a look on Daily timeframe. We have a clear Doji candle close on Friday with bearish body, which tells me that this area is controlled by bears. Anyway we have 2 wicks rejections from that area which I previously mentioned to everybody here. So what will be next? According to the nature of the market - we always have 2 phases -...
The Pound didn't get our main target of resistance, so i didn't short it. But instead of this we got a huge impulse to the downside and hit our first support level at 1.3290 Once we break the support level and retest the resistance - will look for short to the 1.3100 as I mentioned earlier
Hey Traders! Little update here. I am not taking into account our small loss from yesterday on USDCHF but now we can clearly see our NEXT support region was reached! According to our last post I mentioned that it will be my last point here, my support zone 0.8990 - 0.8980. And now we start to retrace. After a huge impulse to the downside - we will definitely wait...
Hey traders! Hope you are fine! Let's have a look on GU for now. Yesterday I got 1% loss just because of high volatility and just because the indecision between bulls and bears as I mentioned here on this post And what do we have for now? A new impulse forming to the upside so I am not looking for long for now, but think after FALSE BREAKOUT of our main...
Yes... That was a reversal level. Was a little busy to catch up that moment but later on I noticed that we got false breakout here, and start to think that we can go lower just to hit my another level of support. A nice push to the upside was already formed so waiting for a pullback to open LONG position, Hope we can go to 1.9200 on this one, let we know what do...
Let's have a look on my previous post on EU. I was aimed here on 1.2000. When we were at 1.1960 I was telling for some pullback and then we are going for long. And when/if we hit 1.2000 - then the reversal will appear. So now my main focus will be for 1.1890 - area of support which you can clearly see on the screenshot!
Hello traders! Let's have a look on GU. As usual, I started my analysis on 4H timeframe. What did I noticed here? We got clear uptrend to the upside which means we are looking ONLY orders for BUY. Resistance on 1.3280 - 1.3300 was successfully broken and retested 3-4 times! I also see that we got 2 wicks rejections from our level which means that this level is in...