Overall still in a bull market. Had a slight correction but now we are following structure. I see GU going for 80+ pips. Pretty self explanatory if you know smart money
History repeats itself right? This pair is currently in a bear market channel. Reverses to the upside and often touches previous lows and then continues on the down trend. Has already tested and retested topside zone, broke the pullback price and should continue its move to the downside until maybe thursday or wednesday.
TP1: .83121
TP2: .82771
TP3: .82136 &...
Looking to enter in the next 30pips. Short possibility for about 120 pips. Looking for initial pullback, pull out fib retracements on the 1hr. if retraced to 38%(FIBLVL), that will be our entry. Wait for test of resistance then breakthough @ that 38% (SELL LIMIT).
TP1: 78.6%(FIBLVL)
TP2: 100% (FIBLVL)
SL: Tested Resistance(25-40pips)
As price approach a key channel support , I expect price to respect the support zone and move to the upside. Looking for a long call for about 75-100 pips.
