GU BIAS: SELL
Hi there, the GU is currently at the key level area and lingering. The inside bars have formed and have been followed by a fakey pin bar in the H4 timeframe while we have an indecision candle, a Doji in the daily timeframe. The bears are in control of this market and there is no room for buying this market, except if you are a scalper who trades in a small timeframe, as indicated in the H4. After this small consolidation, expect a strong move to the downside to the level of 1.14460.
The two pin bars that formed after the inside bar candle show a strong pressure from the side of the bears. Take note of that.
Finally, we going bear on this market today till the end of this week.
The two pin bars that formed after the inside bar candle show a strong pressure from the side of the bears. Take note of that.
Finally, we going bear on this market today till the end of this week.
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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.