Dislikedentered GU early today for a +30pip pick still moving down right now {image}Ignored
We see a price pull back or correction after last week bullish rally.There is no reversal seen yet as it will take another 2 days candles to confirm a bearish reversal.
On my MN charts, there is a historicla swing level 1.6703 and this being tested now but the MN candle is not yet close. We should be watching in the lower TF to see how price reactsaround this levels and pick some small trades on H4 and also H1.
I did a H4 trade entry, sort of late entry as I missed the timing when that H4 IB closed. but the 3-bar reversal pattern was good setup for me. Target TP is near Prev W Fib 50%. There may be consolidation before the next big move, so I need to watch this H4 trade this week as it may go sideways. Tomorrow UK time, we have UK date release and also Tokyo has BOJ conference today, it will affect GBP escpecially GBPJPY and may drag this GU along.
Trade Well.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett