withoutmercy
Look at Hourly chart , now it is at EMA for sell set up , on the weekly it is still need to retrace deeper, it needs to arrive near EMA before think long set up
now at demand zone , look to buy after break of downtrend line We might can catch 50% retracement from this correction of Long uptrend
This is a trade on Daily chart where the formation hit the top and it is a 50% retracement from long move down, with price hit supply zone, I would expect a move down with minimum 150 pips.
The long term bullish still in my big picture The current long correction seems over and I wait for break of the channel to short until the last demand zone
Excellent failure of retest after trendline break, seems want to move higher
This trade on 4 Hr chart has 200 pips risk but we can expect the move to downside sustainable if its work out.
It has been retested for many times and seems still fail
Support hold with a good momentum, so it is time to aim for the top again
If the right shoulder is completed , we can sell the pair, wait for the break of the neckline.
I am glad to see the top retested a few times and failed, hopefully this short would work.
Top down analysis: I look at Monthly chart and see that potential bottom I look at Daily chart, the line is the resistance which has been the top for sometimes. However I see that bull able to drive price making higher low and higher low, so If my assumption is correct, soon we should be able to see higher low. We need to see how price react at the...
Great move from demand zone and first wave is not finished yet, retraced to EMA and bullish.
After a retest to the level, it seems that price ready to go down again.
It got rejected at EMA and continue for next wave up
The news made GU stay below resistant and made new lower high, this is a sign of weakness.