Possible play on Gu H1
The analysis has been done from monthly TF all the way down to my possible entry TF
Reasons for buying:
Am anticipating that wave 1 green degree of wave 3 purple degree has finished now awaiting a pullback in three waves to form wave 2 green degree then push higher to complete wave 3 green degree, my focus will be to trade the wave 3 green degree and wave 5 green degree which will complete wave 3 purple degree and take out BSL above equal highs on H4
Note also:
EURGBP shows a good sense of bearishness and DXY also shows some good sense of bearishness
Reasons for buying:
Am anticipating that wave 1 green degree of wave 3 purple degree has finished now awaiting a pullback in three waves to form wave 2 green degree then push higher to complete wave 3 green degree, my focus will be to trade the wave 3 green degree and wave 5 green degree which will complete wave 3 purple degree and take out BSL above equal highs on H4
Note also:
EURGBP shows a good sense of bearishness and DXY also shows some good sense of bearishness
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