Yo whats up traders, today we are looking at G/U of course, this is the main pair I like to trade. Happy Friday to all of yall, I hope we all had a wonderful trading week. Lets make today count and end the week with some good vibes.
Ok, lets get it; So as we can see, price is really staying in this range defined by my 2 blue lines, and from observation, we see that price is showing strong signs of continuing upwards, on the larger time frames. I am waiting for price to push past this major resistance because if we look at the lower time frames, we can get some clues about what price wants to do at this level.
Personally, i think its more likely to see a reversal happen just because its Friday, and I've noticed on Friday, price likes to stay in a relative zone rather than chasing new targets whether upside or downside. But like i said, we shall wait for price action on the LOWER time frames so we can catch the move be it bullish or bearish.
We have an overbought RSI on the 15M and the 5M, this is just a little note telling us there COULD be a reversal, do not use this as a reason to execute a short trade
Whatever the move may be, we will be here to catch it.
Trade safe, trade precise, tradeflow, see yall next week!
Ok, lets get it; So as we can see, price is really staying in this range defined by my 2 blue lines, and from observation, we see that price is showing strong signs of continuing upwards, on the larger time frames. I am waiting for price to push past this major resistance because if we look at the lower time frames, we can get some clues about what price wants to do at this level.
Personally, i think its more likely to see a reversal happen just because its Friday, and I've noticed on Friday, price likes to stay in a relative zone rather than chasing new targets whether upside or downside. But like i said, we shall wait for price action on the LOWER time frames so we can catch the move be it bullish or bearish.
We have an overbought RSI on the 15M and the 5M, this is just a little note telling us there COULD be a reversal, do not use this as a reason to execute a short trade
Whatever the move may be, we will be here to catch it.
Trade safe, trade precise, tradeflow, see yall next week!