What will G/U do during NFP?
As we get close to the end of the month, I think it will be interesting to see what G/U does.
Here is my take on G/U.. I am looking for continued sells but am also aware that it should be having a PB soon. Will that PB be a slight reversal? I think it is too early to tell, but will watching market open to closely determine my next move for this pair.
Monthly: Overall Bullish -current M Candle opened bearish, possible trend change - 4d to close
Weekly: Trend is currently consolidating, expect possible PB before more sells
Daily: Trend is bearish - prev D candle did not close showing more selling pressure
4hr: Trend is bearish, has just broken out of consolidation for more sells, will be tapping into FVG for possible short term buys
1hr: Trend will continue to be bearish, cross of EMAs, however expect PB before going lower
Gameplan:
1) Wait to see how candles will open, this will determine true direction
2) Look for continued sells with some buying opportunity
3) Wait for all of your confirmations before entering the trade
Here is my take on G/U.. I am looking for continued sells but am also aware that it should be having a PB soon. Will that PB be a slight reversal? I think it is too early to tell, but will watching market open to closely determine my next move for this pair.
Monthly: Overall Bullish -current M Candle opened bearish, possible trend change - 4d to close
Weekly: Trend is currently consolidating, expect possible PB before more sells
Daily: Trend is bearish - prev D candle did not close showing more selling pressure
4hr: Trend is bearish, has just broken out of consolidation for more sells, will be tapping into FVG for possible short term buys
1hr: Trend will continue to be bearish, cross of EMAs, however expect PB before going lower
Gameplan:
1) Wait to see how candles will open, this will determine true direction
2) Look for continued sells with some buying opportunity
3) Wait for all of your confirmations before entering the trade
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