Everything is in place for GU to start moving bearish. At this point we wait for London session and look for all the stars to align.
This is a area I have been stalking for a sell. Looking to see how price reacts here and if we can find a entry for a nice swing position.
Today's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next...
This past week I flipped to Bearish on GU. But as we came into Tuesday they decided to pull back on the price. This week I'm and surely going in Bearish. This is a premium set up for a nice swing to the down side.
GU has been building up for this drop all week! Closely monitoring price for London open as we have GBP news just before open and USD news just before NY open. I'm thinking we should get a nice swing move to break the low that was created this week.
GU is finally approaching a zone that I have been waiting to see it react to. The Dollar is very bullish so I'm expecting to get a nice sell opportunity in this area. To see it moving bullish now during Asian range it builds my anticipation for seeing some bearish action for London. Sitting on hands for now.
Now GU has shown us that it is ready to move bearish. Now looking for a decent pull back for entry on a position. Hoping that we can get for London so a possible nice Sell opp coming for NY session.
Everything lines up for a great sell opp. But I need to see a nice pull back for entry and a high made mid week in order for me to be interested in selling. Im watching orderflow and all is lining up so far. Will wait for news before pulling trigger.
This is a moment I've been waiting for. As I have been monitoring GU On the Yearly chart looks like price spent all of 2023 Retracing and 2024 will be a very Bearish year. So we are starting off the year right getting in to move with the trend!
We are now 2 weeks in on the new year and as the major players come back in to the market it looks like they spent the first 2 weeks of the year accumulating orders to go bearish. As we come into the new week we are looking for more signs that price wants to go bearish now.
Now that we have a break of last weeks high I feel that GU is ready to change direction in the trend and flip to bearish. As we finish out Asian range I'm looking for signs that it wants to flip.
Looking for GU to Pop up during this session and make a high for the week. Taking out the old highs. This would be a great opportunity for a sell. Monitoring the Order Flow to see if price continues to support the idea.
As we continue to monitor GU we are looking for signs of a reversal. Price can flip and go bearish at any time now. So we are looking for a high to be made for the week first so that we can start looking for signs price wants to shift direction.
I'm seeing that GU is looking like it wants to reverse. So I'm looking for the shift in structure on what it wants to do. We do have some news coming up in the next 48 hours for both GBP and USD. Will continue to monitor for shifts.
They used the previously Weekly high as support. Pulled back a little deeper than I expected. But all still lines up to break new highs. With this new Data I can see News on GBP tomorrow helping to give that spike I'm looking for.
Now that we to another London Session and it is Tues I clearly see signs that this trend wants to continue bullish for now. So long as I see Order Flow continue to line up with how the pattern is printing then I continue to remain bullish. No news till tomorrow. So lets see where today takes us!
More bullish pressure to the upside. With the way price is moving I'm now looking for a possible break of highs, then signs that we can possibly reverse and become bearish. Since we dont have any early week news there is no excuse to move price just yet so its likely it will continue moving in the direction of the trend until some news happens. Make sure you...
As I monitor price looking for the original target of the previous Aug high to be taken out but not to sure if it will have the strength to get all the way up there. It is only Monday and a New High/Low is created for the week between Tue - Thurs. So watching to see how price reacts going into tomorrow.