GA 5/5/21
Missed a nice trade on GA today was a clean set up but to me I didn't like how price was trading around 1.8000 a strong level of resistance that buyers have failed to break looks like price is finally making a push and looking to start trading above that level here were my reasons for a long Bias on this pair
Daily: price seems to have broken structure
yesterday bulls tried to make a move but were
met with to much selling pressure and failed to
break above moving averages today's candle stick
looks to be carrying on the bull move dont like how
price is trading aroudn 1.80000 a strong level
held by sellers
H4:Price has definitely broken structure to the
upside has broken above moving averages and
previous H4 candle closed as a very strong
bullish engulfing candle stick and used both
moving averages as a form of support
H1: looking for price to come back and retest
previous highs to take it into 1.8000 again
will give me good confluences 0.5 on fibs
B/R of S/R level moving averages would have
had time to catch up get a bullish variation
pattern I will take my entry
Daily: price seems to have broken structure
yesterday bulls tried to make a move but were
met with to much selling pressure and failed to
break above moving averages today's candle stick
looks to be carrying on the bull move dont like how
price is trading aroudn 1.80000 a strong level
held by sellers
H4:Price has definitely broken structure to the
upside has broken above moving averages and
previous H4 candle closed as a very strong
bullish engulfing candle stick and used both
moving averages as a form of support
H1: looking for price to come back and retest
previous highs to take it into 1.8000 again
will give me good confluences 0.5 on fibs
B/R of S/R level moving averages would have
had time to catch up get a bullish variation
pattern I will take my entry
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