Expecting bullish momentum from GU Confluences: Rejection of 4HR Support Consolidation @ the 1.2625 quarter level Last day candle printed a HL
Confluences Price crossed the 10EMA to the downside Bearish engulfing on 4HR Last day candle printed bearish
Confluences 15 MIN bearish engulfing on 50 EMA Bearish candle break of 4 HR 200 EMA Break and retest of support level
Confluences: 1 HR cross above 10 EMA 15 MIN 10 EMA crossed 50 EMA to upside Bullish reaction @1.2450 support level Happy Trading 😁📈
Confluences: 1. 4HR H&S Pattern forming 2. Rejection of 1.23 on daily 3. Rejection @ resistance level
Confluences - Price closed bullish for the last day candle, following FOMC - Large inverted hammer on the 4HR chart, also printed on the 10 EMA - Uptrend continuation, HL on 2HR chart
- printed a bearish candle the last hour at the 1.2075 level - has been trading bearish - 30 min bearish engulfing candle and closing below 10 EMA
- Rejection of the 1.22 pysch level on the HR chart - Price fell below the 10EMA on the HR chart - USD is strong in comparison to the GBP - Overall downtrend
Confluences: Price near daily support Previous weekly candle closed bullish 5 min bullish push above 10EMA
GU fell hard back into the weekly downward channel, with it buying during London session I believe it’s ready to sell down to the prior lows. Price is also trading below the 10,50, & 200 EMA.
GU has been trending up on the 4 hr and price has reached the trendline and had a reaction.. anticipating new highs
GU is in a downtrend and has formed resistance around the 1.1825 level which is also around the 23.6% Daily fib level. Going short to 1.1760 near the daily support
Price formed a LH on the hour chart and we are in a overall downtrend. With rejection of the 1.18 level I believe price is headed down
GU is back in the long term channel, and formed a lower low on the hour chart. I’m going for a short to the next week quarter level
GU fell back into the channel pretty strong, but has formed a 4hr support. I believe we can see some retracement before price continues down.
Took an aggressive buy on GBPUSD above the 1.22 level, looking for the continuation.
I took a GBPUSD Sell @ the 1.2125 quarter level - despite the bullish push during London, price failed to break above the last high on the 4hr
GBPUSD closed below the 1.22 pysch level on the 4hr chart during London session and has been consolidating at this level on the hr chart. Keeping in mind it is still in a weekly/monthly downtrend, I'm going for a sell to the daily trendline, with TP 2 being the next quarter level.