GU is been bullish. Weekly time frame is been pushing to 1.21959. On 4hourly chart we might expect pullback. How to know if the market will really pullback
1. Go to 15min time frame
2. Wait for the market to change structure ( to downtrend)
3. If it does then trade the first pullback after the break on 15min.
4. Manage your trade on 15min.
5. If you don't trade...
The price is currently pulling back to BOS. If the prices rejects that resistance, the price might short to the next Support. Risk management is key to be profitable.
The price just rejected the 1.32000 resistance and it looks like it's about to form head and shoulders pattern.
If it does it best to wait for the price to break the neckline and rest then it will be best to take long and hold the trade.
Us30 respects support and resistance.... jst follow the market
For now I'm looking forward to see what us30 will do once it get to be support I marked on the chart
As y'all can see GJ on the daily time frame is about to form head and shoulders pattern. And we can also see that the price failed to break LH and it created double top. So the best thing to do is to go down to lower time frames and focus on the structure let the market tell you what its bout to do. Only take trade if it forming LH and LL. WISH Y'ALL GREAT WEEK!!!
As y'all can see the price is currently ranging between our higher high and higher low. The best thing to look out for is to wait for price to either break our previous high low and take a trend if it retest or pull up making a low high. Or wait for price to break a higher high and take a trend when the price form a higher low
