Nofomo
GU is not done with the Bullish pressure just yetSo i was looking for price to turn bearish last night but it looks like they are not done just yet. There is a zone I see price might just be going for. monitoring London for Scalps but not expecting to much more movement until next week to close out the month.
GU is now Bearish!Now that we have gotten the fed rate announcement out of the way we now have a bullish Dollar. In turn making GU turn bearish. Price took out the Monthly high but still managed to close the day below it. I'm expecting price to be choppy till London session when we should get some bearish price action.
LONGS TO RESUME SHORTLY.bchusd is currently i a downward channel towards 420, once the resistance to that channel is broken, we should see price rise to 500. bear it in mind the news event at the end of the week may have some impact on this pair. trade responsibly and with proper risk management. always remember; 'THE MARKET WILL ALWAYS BE HERE' don't fomo.
Gold with the healthy pullback! is it ready to go bullish?I've been watching Gold lately looking at some nice Price action. It is looking like its in a good position to turn bullish but we need to see more before hoping in. The Dollar looks like it wants to be bearish but it has been in consolidation and not showing any strong signal of directions. We shall continue to monitor for some nice moves and maybe we will see a entry during London.