As we continue to monitor GU we are looking for signs of a reversal. Price can flip and go bearish at any time now. So we are looking for a high to be made for the week first so that we can start looking for signs price wants to shift direction.
I'm seeing that GU is looking like it wants to reverse. So I'm looking for the shift in structure on what it wants to do. We do have some news coming up in the next 48 hours for both GBP and USD. Will continue to monitor for shifts.
They used the previously Weekly high as support. Pulled back a little deeper than I expected. But all still lines up to break new highs. With this new Data I can see News on GBP tomorrow helping to give that spike I'm looking for.
Now that we to another London Session and it is Tues I clearly see signs that this trend wants to continue bullish for now. So long as I see Order Flow continue to line up with how the pattern is printing then I continue to remain bullish. No news till tomorrow. So lets see where today takes us!
As I monitor price looking for the original target of the previous Aug high to be taken out but not to sure if it will have the strength to get all the way up there. It is only Monday and a New High/Low is created for the week between Tue - Thurs. So watching to see how price reacts going into tomorrow.
I'm still bullish going into next week on GU. looking for new highs to be made before I feel it can change to bearish. Making my Notes and sitting on hands for now.
Price has held in the zone it was in and is now showing bullish price action. I'm still bullish looking for a high to be taken before I flip to bearish. We cant predict the market...only move with it. So we will continue to monitor for scalp opportunities.
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in for some easy trades me thinks next few days