GU was a bit rotational this week but we still managed to obtain so solid moves. Not bad for a Friday today. Will continue to monitor price for quality set ups next week. Being that we are coming into Mid Jan it looks like the market is ready to shift back to normal.
Now that we have a break of last weeks high I feel that GU is ready to change direction in the trend and flip to bearish. As we finish out Asian range I'm looking for signs that it wants to flip.
Looking for GU to Pop up during this session and make a high for the week. Taking out the old highs. This would be a great opportunity for a sell. Monitoring the Order Flow to see if price continues to support the idea.
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!
More bullish pressure to the upside. With the way price is moving I'm now looking for a possible break of highs, then signs that we can possibly reverse and become bearish. Since we dont have any early week news there is no excuse to move price just yet so its likely it will continue moving in the direction of the trend until some news happens. Make sure you...
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.
Continuing to monitor price action on GU. Still Bullish but since it is now the end of the week I'm Not to confident it will want to make new highs. We cant predict the price...just move with it!
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.
As I monitor GU I see a possible bullish move to happen. Although I have my doubts on if this can push up with force. It is fairly early in the year and we don't have any sign that the volatility is there yet to really move price. There are moves there. just be vigilant in securing profit! #NoFOMO
As I continue to monitor the price movement in GU I see it has opened the year with a sharp pull back but holding its bullish pattern still. If it can manage to hold I'm still looking for a break of the high made in Aug Last year. Once we get a break there, then we might get signs of a bullish reversal. We cant predict the market...only move with it.
As we transition into the new year GU is still pushing up and DXY is breaking down. We could see some heavy volatility with all this yearly transition along with the geopolitical issues going on worldwide. I'm only monitoring. Not trading as we transition into the new year.
Overall a great week with some solid moves. Just reviewing what moves I caught and what I missed. Taking a step back until late January at least to give time for the liquidity to come back into the market. Give the mind time to reset and be fresh for the new year!
price continued Bullish as predicted. I'm thinking news will send it on a continuation of this bullish activity to make a new high but I'm sure with it being just before the holiday week we are about to stall out and stop moving for the next 2 weeks. Secure your bag!
Got stopped out on my attempt to get in on this move. Cant win em all. But news this morning should cause some volatility and send this pair reaching for the moon! The last trade of the year.