GU looking pretty straight forward, D1 we have 1 up and a correction so looking for another impulse higher to complete a structure.
H4 we got a lower low and it's possible the structure is coming to an end around the 100fib (see previous H1 setup), Nothing is confirmed that the H4 C wave is over.
H1 were starting to get bullish divergence giving a a sign H4 wave C could be coming to an end.
1) H4 wave C there's no confirmation it's over, wait for confirmation before buying.
2) Invalidation point for this setup is the low (yellow line)
3) Wait for impulse up on H1 breaking the TL and bullish flag to confirm more upside before buying
4) 100fib TP could change depending on where wave C ends
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
My last Two H1 GU trades have played out nicely, Now I'm looking for the larger impulse up and I see no reason why this potential setup won't play nicely either!
H4 we got a lower low and it's possible the structure is coming to an end around the 100fib (see previous H1 setup), Nothing is confirmed that the H4 C wave is over.
H1 were starting to get bullish divergence giving a a sign H4 wave C could be coming to an end.
1) H4 wave C there's no confirmation it's over, wait for confirmation before buying.
2) Invalidation point for this setup is the low (yellow line)
3) Wait for impulse up on H1 breaking the TL and bullish flag to confirm more upside before buying
4) 100fib TP could change depending on where wave C ends
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
My last Two H1 GU trades have played out nicely, Now I'm looking for the larger impulse up and I see no reason why this potential setup won't play nicely either!
Note
GU H4 nothings changed, price has just pushed lower, We didn't get the H1 TL break and bullish flag for the buy.Trade is still valid unless yellow line at the low is broken so if you get H1 TL break and bullish flag to confirm more upside you can buy!
Note
We might be getting 1st signs of bullish movement, M15 we have bullish divergence and a impulse up!Wait for confirmation of M15 Tl break and bullish flag before buying!
Note
H1 Idea, checkout the idea details for the full rundown!
Note
The H4 low hasn't been broken so this trade is still valid, We are getting H4 impulse up so wait for H1 bull flag breakout before buying. Be aware H1 could just turn into a correction and then give Z down.Note
Here is the possible H1 structure I see, Check out the idea details for the complete picture. Thank's
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.