GA 5/5/21
GA potential longs if price does not break and close above 1.80000 wont trade
Reasons for longs Bias
Daily: Price closed as a strong bullish engulfing
buyers could now be stepping in and could be
starting a bullish run will be looking for buys
H4: price is giving me bullish market structure
creating highs and lows respecting moving
averages as a form of support
H1: Price has form some minor support at .618
on fibs also respecting the 50SMA as a form of
support looking for price to break and close
above 1.80000 to take a long into previous
highs
What I dont like: Daily how price failed to close
above 1.8000 H4 is being met with a lot of
selling pressure at major resistance level
Reasons for longs Bias
Daily: Price closed as a strong bullish engulfing
buyers could now be stepping in and could be
starting a bullish run will be looking for buys
H4: price is giving me bullish market structure
creating highs and lows respecting moving
averages as a form of support
H1: Price has form some minor support at .618
on fibs also respecting the 50SMA as a form of
support looking for price to break and close
above 1.80000 to take a long into previous
highs
What I dont like: Daily how price failed to close
above 1.8000 H4 is being met with a lot of
selling pressure at major resistance level
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