GU - We had a positive close on Fri after the massive move on Thur, heading up to the June high resistance level at 1.5777. All time frames are above their 50 RSI levels.
Against that we seem to be showing divergence on D, 4hr and 1hr, the 'potential' divergence would need price action i.e. good candles to confirm. 1hr flow is higher highs and higher lows. 4hr upper wicks at the highs is reflected in the struggle evident on 1hr chart.
Could go either way on Monday. As usual will be waiting for good candle set ups on 1hr. Would not be surprised at all for US session to provide the move with an intra day higher low or lower high.
No comments:
Post a Comment