27-5-2020 - H4 GU - Bullish Continuation
Following Tuesday Session, Price has broken out of the previously mentioned Flag and surge strongly to the upside shifting the momentum completely. The EMA has cross over along with a Wide Inclining EMAs.
As of now, Price has temporarily rejected the EMA 200 and could potentially retraced lower before the next Bullish leg up.
I'll wait for the Ny session to see if price could retraced lower for a Long Entry on the 38 Level or the 62 Level.
Bias = bullish
Structure = Corrective
Setup = Fib 2.0, 4H MSB
As of now, Price has temporarily rejected the EMA 200 and could potentially retraced lower before the next Bullish leg up.
I'll wait for the Ny session to see if price could retraced lower for a Long Entry on the 38 Level or the 62 Level.
Bias = bullish
Structure = Corrective
Setup = Fib 2.0, 4H MSB
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