After a very deep pullback price has shown some bullishness on the 1H. I will be looking for lower timeframe entry as usual and targeting the High of the range. There is Services PMI data tomorrow which will give us more information on the state of the labor market for the US. Given the US has a large service sector this data will be very important. Not making...
1H structure is still being respected. Looking at the 15 min to find a quick trade. The 1H is still bearish 15 min is currently in a pullback phase. Once I see bearish structure on the 15 min I'll be looking to enter targeting the 1H low. Also keep in mind everything I said in my previous post being that the higher timeframes are still bullish but price action...
The last two weeks have been massive bullishness for GU. This week how ever we started to slow down possibly hinting at a pullback to come. As of right now the 4H and 1H are still technically bullish. Internal structure on the 1H bearish and giving a nice pullback on said timeframe. Keep in mind on Weekly, Daily and 4H trend still bullish and because of that...
Gave out two Ideas last week one where I was calling the bottom and one where we could have a potential sweep. 4H structure never changed bearish so there was no reason to short hence the first trade Idea is playing out. The last 4H candle only broke the previous candle low which indicates to me that the 4H is pulling back. There are several areas we can look to...
My last analysis I saw bullish sign on the 4H how ever looking at how price moved at the end of the week as well as looking at the daily time frame I might have been too early to call the bottom. There is a good chance for price to dip down a little bit before shifting on the Daily timeframe. The same thing happened at the end of June. My bias is still bullish...
Been a while since I posted but I come bearing gifts. GU is reacting in a weekly key area that I have marked out. We broke structure to the upside with a candle close which shows me bullish intention. Once price pulls back into the imbalance or Order block I will be looking for lower time frame confirmation targeting the weekly high marked on the chart Instead...
Currently on my phone so the first post didn’t show the full picture
I saw a choch on the daily which indicates that the daily pullback has started. The internal structure of the 4H has aligned bullish as well. Once I see lower time frame confirmation I’ll look for a long position targeting the 4H high
Just got a bullish choch on the 4H. Going to take long positions on the 15 min until we get to the 50% then I'm going to wait for a bearish choch and target the 4H low
Just like with EU I use the daily swing as the bias for my trades but also keeping in mind that the weekly and monthly are both bearish
Went from the monthly to the 15 min explaining my bias on each time frame. I'm going to be working with the daily TF going down but keeping in mind of the weekly and monthly bias
Update from the analysis I posted a couple weeks back. Currently looking for short trades but nothing long term. Still bullish when it come to the swing structure. NB: Weekly time frame is bearish and the bullish price action is a weekly pullback. If the weekly internal structure becomes bearish I will communicate
Here I give all possibilities on the daily time frame and go into a bit of detail on how I'm looking at current price action on the 4H and 15 min timeframe
4H internal switched bearish last week and we just broke below again giving us a clearer range to look at. 15 Min is bearish as well and I'll be looking to short in the next few days
Price did not break above last night and we are currently ranging on the 15 min. I've explained the 4 possible scenarios we could see play out
The 15 minute setup is playing out quite nicely. Going to be looking for a re entry tomorrow as well this time leaving the full position open to target the 4H high. I will start posting more trade updates like this regularly after my analysis
Very quick analysis on GU. Didn't go into a lot of detail of everything that could happen just focusing on what I'm currently seeing and that GU going long targeting the 4H high
Daily internal Structure is bullish. 4H internal structure is bearish. 15 min swing structure bearish. I believe this is going to be a 4H pullback then once the 4H internal structure is bullish we can target the 4H swing high Only going to entry after I see confirmation of price going lower