As I said, in the previous idea, GU is at a weekly/ monthly supply zone. A change of character to the downside on the 1hr TF will be all the confirmation I need to go in for a short with my Sell limit at 1.31150 risking just 20pips and my TP at 1.28650. That’s going to be a 250 pips move to the downside. Do we see the same thing? Share your thoughts in the comments below!
As I said, in the previous idea, GU is at a weekly/ monthly supply zone. A change of character to the downside on the 1hr TF will be all the confirmation I need to go in for a short with my Sell limit at 1.31150 risking just 20pips and my TP at 1.28650. That’s going to be a 250 pips move to the downside. Do we see the same thing? Share your thoughts in the comments below!
Price is currently at a monthly resistance zone and price is currently overbought on both daily and weekly TFs … a change of character on the 1hr TF will signal the Reversal. Let’s watch n see.
Price is currently at a weekly/Daily supply zone and has given confluence for a short on GBPUSD
The long @1.30000 is no longer valid… and I’ll start looking for Reversal Shorts confirmation
The long @1.30000 is no longer valid… and I’ll start looking for Reversal Shorts confirmation
Trend analysis - BTCUSD is currently in a Bullish range. Hence why I want to favor Longs until to gets to the Daily Supply Zone at 63k
We will now be looking at 1.30000 to go long instead of the of the initial entry at 1.30100… The Market still looks bullish for now, so I’ll be sticking to my Long bias
Looking to go long from 1.30100 price point, because the market is still very bullish and is mostly likely heading towards last year’s high
Monday's setup about to close in 90+ Pips profit.... Will price reject from that level? Or will it continue to go higher? Let's watch n and see
Like I said in my previous Idea, I was expecting two things either the market pulls back to the daily demand zone or it creates a new buy range by breaking structure to the upside, and that's exactly what happened. Market created a new range that triggered the Long continuation.
Like I said in my previous Idea, I was expecting two things either the market pulls back to the daily demand zone or it creates a new buy range by breaking structure to the upside, and that's exactly what happened. Market created a new range that triggered the Long continuation.
Expecting GU to either pull back to the daily demand zone below price or give a break of structure to the upside thereby creating a new bullish trading range. Either ways the bias is for longs on GU.
Expecting GU to either pull back to the daily demand zone below price or give a break of structure to the upside thereby creating a new bullish trading range. Either ways the bias is for longs on GU.
A combination of Top-down analysis, Trendlines, supply and demand zones Backing my bias!
Here, I outlined weekly levels of Supply and Demand, merging them with trendlines on higher Timeframe with change of character in the market structure, all of which gave my trend bias,