Why I Think GBPUSD Will Continue to Buy
Hey Rich Friends,
I am looking at GU for a potential buy, here is why:
- Candles coming out of the demand zone, it may retrace back to this area.
- EMAs look like they are getting ready to cross (wait for the 50 EMA to cross above the 200)
- STOCH facing up, but not above 50 (wait for STOCH to cross above 50)
- MOM is facing up (waiting for it to be positive)
- TP will be above the previous high and SL will be below the previous low
Let me know if you see something else!
- Peace and Profits, Cha
I am looking at GU for a potential buy, here is why:
- Candles coming out of the demand zone, it may retrace back to this area.
- EMAs look like they are getting ready to cross (wait for the 50 EMA to cross above the 200)
- STOCH facing up, but not above 50 (wait for STOCH to cross above 50)
- MOM is facing up (waiting for it to be positive)
- TP will be above the previous high and SL will be below the previous low
Let me know if you see something else!
- Peace and Profits, Cha
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