Basically a GU short term sell to buy .. its NFP week so let’s see
entry for buy is 1.33221
will manually execute with 30 pip sl
bullish on GU but I got stopped out literally for the buy and sell!!
Bearish Pennant forming on smaller TF
will update TPs as trade follows.. its still early
If it isn't a bearish pennant... def a falling wedge and will buy
-weekly time frame analysis
-I think its a flag for sell but it could reverse .. it's just a thought until I get more confirmation
-believe there is a hidden bearish divergence on W TF with RSI levels
-1.39281 is a 0.50 fib level on the Daily TF, if it breaks it could indicate a buy or reversal spot indicating sell
-4HR S/R are blue lines
- on 4HR TF it did break...
-weekly time frame analysis
-I think its a flag for sell but it could reverse .. it's just a thought until I get more confirmation
-believe there is a hidden bearish divergence on W TF with RSI levels
-1.39281 is a 0.50 fib level on the Daily TF, if it breaks it could indicate a buy or reversal spot indicating sell
-4HR S/R are blue lines
- on 4HR TF it did break...
I think US30 is consolidating ahead of NFP news for tomorrow
I see 3 possible sell entries
35442,35472,35518
tp 1: 35317
tp 2: 35235
tp 3: 35153
tp 4: 35038
swing tp 1: 34955
GU short based on red folders for GBP at 7:00am
-possible double top on 4HR
option 1(yellow): cup and handle formation.. price will fall and then break trend line
option 2 (blue): price falls to grab liquidity from July 28th (black line)
30 pip sl for +35 pips .. if it grabs liquidity it will be +59 pips... let's see
