Look at the screenshot taken on the GU chart below. If the current candle closes a bearish bar today inside the previous bullish candle, then expect the GU to sell for the rest days of this week. That's a channel chart pattern. Pay attention. Open your eyes.
First take profit target is 1.1380; Second take profit is 1.1272; Third take profit is 1.1148; the stop loss is 1.15655
Currently, the dominant market trend is bearish from look the daily timeframe perspective. The market is in the channel chart pattern, and if the current candle could form a bearish bar, then we expect to sell for the rest of this week.
First take profit target is 1.1380; Second take profit is 1.1272; Third take profit is 1.1148; the stop loss is 1.15655
Currently, the dominant market trend is bearish from look the daily timeframe perspective. The market is in the channel chart pattern, and if the current candle could form a bearish bar, then we expect to sell for the rest 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.