Gu:
my view is long term bearish.
Gu mthly had closed below previous support 1.2225-1.1950.
and recently closed below the covid low n make new history low.
covid low was 1.1406-1.1544.
weekly has akim set up for bull and it may start pullback because price at daily make a push from 1.173x to 1.03xx in one way. So pullback is needed for strong push down again.
price still below the ema 200 so i am bearish for it. Or if it daily close above 1.173x i may look for change trend.
weekly supply sit at 1.1404-1.1647.
price may pullback until here.
it is unclear for me because too much fundamental issued for this pair for mow.
i may open trade by lvl to lvl.
4h supply sit at 1.1250-1.1270, 1.1270-1363 or 1.1412-1.1460.
I am watching this pair carefully to short or buy.
recently this pair volume is high so play any side need wider stop for it.
i can’t exactly to tell what play is it for now, but i stick to big tf structure first for bearish.
there is a QM bearish at 1h , if it didnt go down then may fly high again , 1.123x was the top, if price go above it , then bull continue higher first.
trade safe guys.
my view is long term bearish.
Gu mthly had closed below previous support 1.2225-1.1950.
and recently closed below the covid low n make new history low.
covid low was 1.1406-1.1544.
weekly has akim set up for bull and it may start pullback because price at daily make a push from 1.173x to 1.03xx in one way. So pullback is needed for strong push down again.
price still below the ema 200 so i am bearish for it. Or if it daily close above 1.173x i may look for change trend.
weekly supply sit at 1.1404-1.1647.
price may pullback until here.
it is unclear for me because too much fundamental issued for this pair for mow.
i may open trade by lvl to lvl.
4h supply sit at 1.1250-1.1270, 1.1270-1363 or 1.1412-1.1460.
I am watching this pair carefully to short or buy.
recently this pair volume is high so play any side need wider stop for it.
i can’t exactly to tell what play is it for now, but i stick to big tf structure first for bearish.
there is a QM bearish at 1h , if it didnt go down then may fly high again , 1.123x was the top, if price go above it , then bull continue higher first.
trade safe guys.
Training.