GU has currently been trapped in bearish channel as illustrated above. On lower timeframe it has broken the falling wedge and currently retraced back as well.
If that bearish channel or lower trendline holds then we can go LONG else wait for the breakout confirmation and go SHORT till 1.16.
Hope it might help you somehow. :)
#STAYHOME_STAYSAFE
If that bearish channel or lower trendline holds then we can go LONG else wait for the breakout confirmation and go SHORT till 1.16.
Hope it might help you somehow. :)
#STAYHOME_STAYSAFE
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.
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.