GA Laces are TiED and Ready TO BOLT to the UPSIDE!

2019-12-27 06:59:46

https://www.tradingview.com/x/osidfBMW/https://www.tradingview.com/x/LPE6lrbv/https://www.tradingview.com/x/9ZXhx55v/

GA Thesis

- Weekly: Last weeks candle closed as a bearish engulfing, engulfing previous 4 weeks signalling great bearish momentum. Price also broke and closed below 1.8960 changing GA structure to bearish after taking out previous lows.

- Daily: After breaking below 1.8965 zone GA has now found new lows at 1.8670 support zone. What I now do expect to see is a small correction/retracement back up to 1.8965 for a retest/small recovery after the break out.

- 1hr: On lower time-frame I am now expecting price to fall into 1.8670 support for one more test, If zone holds then we could see a strong bullish rally up to 1.8965 resistance. After a break of descending trend-line I am confident momentum has swung in the direction of the bulls.