Alrighty, on today's episode of fastboii trades LOL, no seriously, before i go to sleep to take a stupid exam in the morning heres my ideas for GU. So as of now, we have been hovering at this little liquidity zone if you will, and it looks as if now it will see a drop. That being said, i may take this sell before i go to bed just to the target marked on my screen.
MOVE 1: so more than likely, price will push down during the night and hit the first level i have marked IF it doesnt already push up from the point its at right now. We can likely see after price hits that first level, it could bounce back up and clear that top resistance in the NY session since there will be more traders in the market
MOVE 2: If the sellers are really in control, we will see price rally all the way down, hit the support level, maybe play around for a bit and continue the move down to my second support target. after that level is reached, i would like to see a buy back upwards but we would have to wait and see the market's reaction to the said level.
Either way, i am prepared for both directions and hope to make a profit on the moves. If you guys like the idea dont be afraid to drop a like, that lets me know to post more ideas on GBP/USD. Focusing on this pair ONLY until i master it fully.
TRADE SAFE PEEPS
MOVE 1: so more than likely, price will push down during the night and hit the first level i have marked IF it doesnt already push up from the point its at right now. We can likely see after price hits that first level, it could bounce back up and clear that top resistance in the NY session since there will be more traders in the market
MOVE 2: If the sellers are really in control, we will see price rally all the way down, hit the support level, maybe play around for a bit and continue the move down to my second support target. after that level is reached, i would like to see a buy back upwards but we would have to wait and see the market's reaction to the said level.
Either way, i am prepared for both directions and hope to make a profit on the moves. If you guys like the idea dont be afraid to drop a like, that lets me know to post more ideas on GBP/USD. Focusing on this pair ONLY until i master it fully.
TRADE SAFE PEEPS