Overall, higher timeframe market structure is bullish. However, based on current D1 market structure breaking to the downside, we are now in a retracement. We'll see if it continues to go long or just roll over and continue short. Feel free to chime in with your thoughts and comments
This pair is consolidating on higher timeframes but currently bullish imo. So, i'm looking to tp above previous structure high
Feel free to chime in with your input and analysis
On H4 the pair retraced to the 61.8 fib level which, to most people exemplifies a breakout. Most times this is wrong as the market makers will pullback to this area (where a lot of folks put their pendings for breakout trades), grab all the liquidity that's sitting there, and then pull away in the opposite direction which is the intended trend. Sometimes they...
This is my analysis on GU for the short term. I like the H1 & H4 as it gives a short term view into how this pair will respond. Overall, the trend is still down on H4 timeframe while the D1 continues to chop sideways as many traders are at a crossroads to know what to do. However, this may or may not be an accumulation period for bigger buyers. Feel free to...
