This market still has alot of upside. However before entering I would like to see another retest of the weekly demand zone shown in red.
Looking to buy this pair if it comes back to the weekly Demand. Time will tell. Enter with confirmation, it stil has alot of upside on the Higher timeframes.
Market has just retested Weekly Supply and pushed off. Riding this baby down to 109.500 Range. Market could even push lower.
Shorting this pair. Testing monthly trendline and hitting a monthly supply zone. Looking to the weekly and daily for overall trend change to the downside. Next months candle if it breaks this ascending trendline will verify a strong downtrend. Patience here but a very good time to short is near.
GU has been pushing us down for the last month or so after its strong rally. With that strong rally it took out a recent major Monthly supply zone. Now has pushed down into monthly demand. If we can get a nice trendline bounce to the upside and a break of the descending trendline we will have several confirmations of this market continuing its bullish trend long...
Market just pushed off of the Monthly Supply zone. Which has been a very strong zone thus far. Price pushed down into Monthly Demand has not broken through. Still bullish until Broken. Price as of right now is in a strong Weekly Demand zone Looking for price to push back up to monthly Supply. Hopeful to see a trendline break to the up side this week or next.