GU BIAS: SELL CONTINUATION. Analysis: H1
Hi there, yesterday we saw a strong sell move that made us roughly 200pips. Fine! The question now is that will the cable continue going down. The answer is YES! If you can see what I'm seeing you will understand why I have a sell bias regarding this market. The move you see in the small timeframes like 30-1 timeframes a part of the bearish pullback. If you look at the H1 timeframe, you would notice this pullback. The price has already returned to the support level area and the current candlestick is going to form a bearish pin bar. If this happens then you are good to sell.
I have indicated the stop-loss level and the take-profit levels in the chart. The entry should be the MARKET ORDER. If you don't find the signal, then don't sell. Be patient
If the H1 candle doesn't form a bearish candle, then we should wait to see a signal to sell by either the bearish pin bar or a bearish engulfing candle. Once you see either of these candles, then sell with a market order.
Above all, the GU is currently selling.
I have indicated the stop-loss level and the take-profit levels in the chart. The entry should be the MARKET ORDER. If you don't find the signal, then don't sell. Be patient
If the H1 candle doesn't form a bearish candle, then we should wait to see a signal to sell by either the bearish pin bar or a bearish engulfing candle. Once you see either of these candles, then sell with a market order.
Above all, the GU is currently selling.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.