GJ broke trendline and has retested. Also shows rejection off of previous zone of significance. Based off these two things, I can see price buying. I will use 187.400 as my final target and aiming to take a large percentage of profit at the previous high.
Rejection off previous zone created trendline, expecting price to continue to 182-183 level.
Price wicking off fair value gap, coming off a break of structure where we have 2 higher lows indicated by the trendline. This trade has potential to go much higher but will target 188 due to price rejecting off a previous zone.
Price retesting brief consolidation and failed to close inside or above it creating a rejection wick. Structure is continuing to be upheld, creating no new higher highs We will target 1.27
GU reacting to daily resistance with hesitation, showing signs of a sell-off FVG located at 1.27 this is where target will be while my SL is above the recent high.
Break of structure leaving distribution phase on 4H current entry also lines up with fib level 61.8 although not shown will put stop loss above fair value gap entry and target 1.26 making this a higher risk trade, I will scale down accordingly.
3 reasons 1. Gap support 2. 61.8 fib level engulfing bull candle 3. USD CPI and unemployment news has temporarily weakened the currency
GU continues uptrend, will look for strong reaction to zone using candlestick confirmations. Amy break of structure here will invalidate the trade idea
Price retesting trend line after breakout of bearish channel. We have seen bullish structure for 2 weeks on H1 and now with this final confirmation I will be going long
GJ reaches support reacts with closed buy candles on H1 anticipating small retrace then buy to 1.92
GU closed underneath liquid zone on Friday leaving us 2 ideas. 1 (curve) expects price to retreat back to zone showing candlestick rejection, looking for another drop to 1.23 2. (Path) Sweep of early sellers
Strong close last week below previous support. Suspected support turned resistance, we will see if price rejects zone and enter on wick/candlestick confirmation.
Retrace back to 1hr previous supply zone. Rejecting area with wicks lets see if price uses this previous supply area to bounce up and continue the trend
Gonna see if GJ holds buy structure and hoping for supply to turn into demand. Looking to get in on the continuation of the trend on the higher time frame.
Looking for GU Longs after structure break, bounces off supply turned demand zone to next key level 1.22 (supply). I will look for this after the news release.
Fib 78.2 zone. Weak retracement candles and low volume. If price fails to close below zone will push to 1.22
4h structural support favors shorts as price is on its way back to the 1.55-1.56 area. Plan is to see a continuation move at market open