GA for a QUICK VISIT to 1.9067?!

2020-01-20 05:51:43

https://www.tradingview.com/x/AsWBOW7L/https://www.tradingview.com/x/iTjzeYqV/https://www.tradingview.com/x/rCEcQfN1/https://www.tradingview.com/x/qvi2BOsW/

GA Thesis

- Monthly: Last months candle closed as a shooting star after long wick rejection off 1.9450 psychological level and closed below 1.8900. This is signalling to us that bears (sellers) are trying to push GA lower for a slight recovery.

- Weekly: On the weekly time-frame GA market structure is bullish after a break above 1.8900 level. Last weeks candle closed as a hammer and closed above 1.8900 level after rejection off 1.8775 indicating bulls want to push price higher.

Daily: Strong bullish break above 1.8900 level taking out previous highs and switching market structure to bullish. Now price is expected to reach 1.9067 as the next possible target.

1/4hr: Missed entry on Friday after price pulled back into 1.8900 for retest. If price enters area again then we go long to 1.9067 resistance to form new bullish leg.