We have simple yet basic price action indicating possible shorts for GU and the confluences are
1. We have price in a downtrend
2. Price broke structure previously, retested and fell
3. Price broke minor support structure which currently is retesting
if price respects and closes bearish from 1.296207 we can possibly see price head towards the next area of structure 1.25200
1. We have price in a downtrend
2. Price broke structure previously, retested and fell
3. Price broke minor support structure which currently is retesting
if price respects and closes bearish from 1.296207 we can possibly see price head towards the next area of structure 1.25200
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.