GBPUSD - 1 June 2023
GU is showing bullishness, Sign of Strength (SOS).
In terms of Daily TF, GU has taken out the SSL stacked from the left and is reacting off the NWOG from far left. From the most recent bearish leg, there is only one major IMB found in Daily TF, which is the IMB I stated above.
In terms of 4HTF, we can see price is being hold multiple times. Intermarket Analysis as Confluence using DXY, Dollar is putting in new HH while GU low is being hold, this is a SMT Divergence.
From now on, I will frame my trade with the market bias Long until price shows me otherwise. Focus on Long, until price trade back up into the daily SIBI or when it shows me SOW.
In terms of Daily TF, GU has taken out the SSL stacked from the left and is reacting off the NWOG from far left. From the most recent bearish leg, there is only one major IMB found in Daily TF, which is the IMB I stated above.
In terms of 4HTF, we can see price is being hold multiple times. Intermarket Analysis as Confluence using DXY, Dollar is putting in new HH while GU low is being hold, this is a SMT Divergence.
From now on, I will frame my trade with the market bias Long until price shows me otherwise. Focus on Long, until price trade back up into the daily SIBI or when it shows me SOW.
Nota
Daily View: Nota
1H: 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.