This is what i see in GU @ the moment.
A: we could be looking at a ranging market between R2 & R1. (buy the bottom/sell the top)
B: we're looking @ a quad top & could be looking for a sell @ the break of R1 with a target of 50-100 pips.
C: Lease less likely, MACD up, Trend is Up as well (above the cloud) & because the recent pivot low the possibility for a pivot high is still in the air.
GBPUSD
A: we could be looking at a ranging market between R2 & R1. (buy the bottom/sell the top)
B: we're looking @ a quad top & could be looking for a sell @ the break of R1 with a target of 50-100 pips.
C: Lease less likely, MACD up, Trend is Up as well (above the cloud) & because the recent pivot low the possibility for a pivot high is still in the air.
GBPUSD