TradeLoft

TradeLoft

A Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. That is what GU is displaying right now. Why don't we wait for that break out and the take a position? Sounds cool, right? ;)

TradeLoft

This pair is still on a bullish run, nevertheless. Maintaining its bullish structure. I'll be taking a long position here for a 2R

TradeLoft

As explained in my first post on this pair, price has played out perfectly and with my confirmations and rules, i look to take this long entry

TradeLoft

Clear and steady uptrend with a retest on support. Practice proper risk management

TradeLoft

Clearly this pair failed to break the major highs and formed a double top. After that formation, price has been making Lower highs and lower lows. Currently, price is rejecting a resistance level on the hour timeframe which is also in confluence with the 61.8 fib level and EMA. I have my bias short to a support level below.

TradeLoft

First we short, and then go for the longs

TradeLoft

This could be a potential opportunity for longs, after the long waited range breakout!