Here we have a nice simple setup for GU.
A major higher low has been broken on the 4hr and 1hr chart!
Divergence on both charts also!
It has pushed back for liquidity and printed a lower high!
Triangle has been broken!
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A major higher low has been broken on the 4hr and 1hr chart!
Divergence on both charts also!
It has pushed back for liquidity and printed a lower high!
Triangle has been broken!
If you have found this analysis beneficial then like this post and follow my page
Trade Smart
Comment:
Going to close my trade out at 21915, just over a 3/1 profit as its running out of steam and could do with a pullback before continuing.
Comment:
So the trade has hit my take profit and I closed the trade. This pair is completely bearish just like predicted and will continue bearish!
What I'm looking for now is a sign of weakness, an area of confluence, divergence, candle formation and I am happy to scalp the pullback.
(we are in an area now) #TradeSmart
What I'm looking for now is a sign of weakness, an area of confluence, divergence, candle formation and I am happy to scalp the pullback.
(we are in an area now) #TradeSmart
Comment:
Major market news came in for USD and pushed the pair to my end goal. I did get out a bit earlier but at the end of the day I'm in profit.
I will never trade major news releases!
Lets see what profitable trades will come next week for this pair!!
#like and follow for more trades
I will never trade major news releases!
Lets see what profitable trades will come next week for this pair!!
#like and follow for more trades