GbpUsd has completed the push down after an extended stop hunt for to start the week which has also set up our beginning of week false move on Monday. We should see another decent push into the buy zone I am looking for to continue back up to this weeks high and possibly further going into next week. i do expected a very bullish start to 2021 for GbpUsd since...
Quick move I'll be looking at tonight on GU. I am not completely against seeing it form a W and push up from this point but I do see us staying in the larger range and pushing down to the bottom of the range.
We can see EA has had two pushes with return to accumulation. Last week we a stop hunt out of the accumulation that formed a big multisession "M". We now see a second stop hunt form another M on the lower time frame moves. We should see another push down to the Green take profit zone this week with a W and buys coming Q1 of next year!
We should see GU pullback next week as we have broken our yearly high. We should see the reset off previous yearly high to continue making higher highs for the beginning of next year. More to come with more precise movement prediction on this one just an outlook for next year.
EurJpy on the monthly level is beginning a new trend because of this we should see EurJpy buy for the whole beginning of next year. Next week we will see the beginning of the week begin with a sell for a pullback on higher time frames but then we will end the week and month to the upside as the monthly candle closure will likely be above the most recent high.
GBPUSD had a good bounce off a daily level and I am looking for it to retrace to the trend line with short term sell opportunities before going back t break the daily level. Sells to start the week are coming though