👁️ OUTLOOK
5hr chart:
30m chart:
FOREX: GBPCAD
5hr:Looking at the 5hr we are looking pretty good breaking bullish and staying above the emas 10,50 and 200.
30m: Looking at the 30m we are breaking bullish and had a large impulse higher, and currently re-accumulating inside this range. Price is currently under the 10ema and surfing the 50ema at the moment. We could get a re-accumulation deeper into the 200ema perhaps but all im doing is waiting for price to show me bullishness and strength above all 3 emas again for me to scale down to the 5m for my entry criteria.
Bias: Bullish on my context and validation time frame, just needs some time to show bullishness again inside this 30m range and surf the 10ema so then I can look for my entry. Until then I am sidelined until it does exactly that.
5hr chart:
FOREX: GBPCAD
5hr:Looking at the 5hr we are looking pretty good breaking bullish and staying above the emas 10,50 and 200.
30m: Looking at the 30m we are breaking bullish and had a large impulse higher, and currently re-accumulating inside this range. Price is currently under the 10ema and surfing the 50ema at the moment. We could get a re-accumulation deeper into the 200ema perhaps but all im doing is waiting for price to show me bullishness and strength above all 3 emas again for me to scale down to the 5m for my entry criteria.
Bias: Bullish on my context and validation time frame, just needs some time to show bullishness again inside this 30m range and surf the 10ema so then I can look for my entry. Until then I am sidelined until it does exactly that.