GU recently bounced from the psychological level of 1.1800 and broke above the previous daily supply, yesterday PA came back down to retest the zone which is in confluence with the 0.5 fib and saw a very strong reaction from buyers. The daily candle closed in the form of a bullish hammer formation this shows us that the momentum for today is likely going to be bullish, we will be monitoring PA on the LTF for potential entry confirmations for an intraday long setup, targeting the unmitigated supply around 1.210
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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.