GBP / USD - BULLISH
1M
For the first time since 12/2014 we have has a EMA Cross. Last month’s candle was a very strong close, breaking through 2 monthly key areas and testing a third but closing below.
1W
2 x three white soldiers have formed consecutively, with EMA pointing to the up side.
1D
Yesterday and the day before, both candles have tested the EMA and rejecting. With yesterday’s candle also rejecting the Monthly support 1.4000. This formed a new higher low, we should expect to head up for a higher high. EMA pointing up again.
4H
I entered this trade at the 10am candle close which so c bearish engulfing form / test the EMA support. CTL has been broken with a strong bullish candle. Followed shortly after an EMA cross. Also price rejected the monthly area with a fib level confluence to.
For the first time since 12/2014 we have has a EMA Cross. Last month’s candle was a very strong close, breaking through 2 monthly key areas and testing a third but closing below.
1W
2 x three white soldiers have formed consecutively, with EMA pointing to the up side.
1D
Yesterday and the day before, both candles have tested the EMA and rejecting. With yesterday’s candle also rejecting the Monthly support 1.4000. This formed a new higher low, we should expect to head up for a higher high. EMA pointing up again.
4H
I entered this trade at the 10am candle close which so c bearish engulfing form / test the EMA support. CTL has been broken with a strong bullish candle. Followed shortly after an EMA cross. Also price rejected the monthly area with a fib level confluence to.
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