United States had some bad news ending out last night and the British pound has found a small window of opportunity to rise. I can say throughout the London you can expect GU to rise and tomorrow morning we will see a new direction at the start of New York.
GU is in an interesting place right here, we could witness it bounce off of the support line and move back up or this could finally be the break GU has been waiting for. As the day progresses on we shall know but we see it is also making an M so that let’s us know it’s going to be in a downtrend for sure but when will it begin? We should see definitely indication...
Where will EU go? Right now it was just in a downtrend so we see it is slowing up. Could it be going into a retest for Alil bit before going back into the downtrend? We will be watching this going into the London session at the end of NY. Comment below and let me know what you think this pair will go.
This is the daily chart, with a couple of support and resistance lines. If we look back from the beginning of September this could be the second leg to the sell and Bitcoin could start making its way down. I’m going to wait to see how it acts during that support line. If it breaks through we could be on our way back down again.
GU had us ready to buy, but as we can see, it is really struggling to make a higher high, and is showing sellers are taken more control of the market in the London session. So we can safely say at least for the London session, GU has picked its direction Entry - 1.5503 First TP - 1.5221 Second TP - 1.4815 SL - 1.16029 They almost had us with a buy! Luckily it...
We have been watching GU all week, it's been in a steady downtrend for quite some time. But this week something is new, that trend line has been broken and we are here to ask is GU going for a buy finally? It looks pretty good, the RSI is telling us its in its retest but as we look its getting closer and closer to that resistance. So I would like to see it break...
We have been getting great answers from EU, as we can see here it is in an upward trend and it’s touching the resistance it just broke, so i would wait for the retest to be over and watch out for a buy
So it’s a big week for GU we are getting the announcement of rate hikes this week and a decision from boe, the GBP side seems weak and for some reason GU is headed in a bullish direction, it could be a simple retrace because GU is in a downtrend and should be following it but for now, I’d watch it and grab whatever small buy opportunities you can while it’s in...
It isn't just yet ready but the news for the US rarely affected the dollar and the treasurer raised the yield two points which are putting the dollar value against the UK very heavy right now. It is also entering another zone of mines. So it is already heading down. I'm going to be looking for a selling opportunity. Entry - 1.24846 TP - 1.24507 what do you...
We can see GU is starting to drop it just recently broke its last zone and is making its way down to its second zone. Will it go past the second zone? Let’s find out.
If you looked at my previous post, GU went nose diving last night exactly where i predicted. I hope you hit your TPs! As we see, the downturn is officially over and it’s deciding what’s next. Could it just be the retrace or is this bullish run ready to start? We wait today and find out! Let me know what your looking for today.
I have been loving the steady direction of GU, especially after NFP week where a lot of my trades went left. It’s a new week and a new solid direction at least for now. I got GU going down until I see differently.
It’s been a very bearish week for GU but meetings with Powell and others news in the US has buyers worried. So you can start charting up for a bearish run. The retest is over. Happy trading! Entry - 1.25980 First TP - 1.25781 Second TP - 1.25607
Well the US has had some good news for the last day with all of their news coming out good, even the meeting it gave the dollar some bullish upside; so I’m predicting at least until something else comes in this is headed down. I’ll be scaling on the way down. Entry - 1.25588 TP- 1.25225
Well we had a nice momentum boost and then GU got all bad news and we can see this pair is about to start turning itself back around. This does open up the door for sell opportunities within the next couple of hours. So we can see a bearish market so far, unless something changes it. I feel like around the 12450 we will know for sure it’s in a downtrend but it’s...
It’s a new week and we got new technicals for you today. We have charted up GU and it’s looking very beautiful as it looks to be starting a new bullish direction. Today will be the ultimate test as it is in that zone where it starts to make its decision. It’s been pretty bullish so until GU gets some bad news by tomorrow I expect this to start rising up.
Okay so we have survived the NFP week and we are back, now the direction seems the be clear as we can see it broke our daily resistance and the blue trend line is a daily trend line and the red one is a 4hr trend line so we can see it’s in a downtrend but we must prepare for a retrace before it keeps going down so this Sunday and Monday I’ll be looking for small...
Well it’s been a slow week in forex until today. We finally got some action and some big news from the market today. GU has been in consolidation all week which isn’t good but finally we got the news about the US raising interest rates to fix inflation and we are starting to see some movement. With then raising rates that will make the dollar more bearish and give...