This is just analysis for my record keeping..No trade yet.
GU have been moving in a upwards channel Since completing the CV(corona virus) Wave.
We are at the upper limits of this channel. If we get a clear break and retest and continuation I will be looking to take longs on this pair.
Currently we are trading a the 4H TF Supply and Demand zone...Shown in Blue. This zone is not very strong resistance or support.
Below that we have a Daily Supply and Demand zone...much stronger. if we get a BCR of this zone, I will be looking for Shorts to the lower limit of the channel.
DXY is all at a crucial decision point. And waiting for Price action to show the way
Please share your Ideas with me.
I welcome criticism
GU have been moving in a upwards channel Since completing the CV(corona virus) Wave.
We are at the upper limits of this channel. If we get a clear break and retest and continuation I will be looking to take longs on this pair.
Currently we are trading a the 4H TF Supply and Demand zone...Shown in Blue. This zone is not very strong resistance or support.
Below that we have a Daily Supply and Demand zone...much stronger. if we get a BCR of this zone, I will be looking for Shorts to the lower limit of the channel.
DXY is all at a crucial decision point. And waiting for Price action to show the way
Please share your Ideas with me.
I welcome criticism