GU Thesis
- Weekly: For the past few weeks GU was on a strong bullish run and formed new highs at 1.2980. From here i do expect a small recover phase for GU with previous 5 week candles closing with long wicks to the downside signalling bearish pressure.
- Daily: Very strong daily break below 1.2890 zone changing market structure from bullish to bearish after forming new lows. Next possible target for GU is 1.2750 major level.
- 1hr: Price has now pulled back to previous broken zone 1.2890 for a retest. Before selling off GU could move abit higher to 1.2910 4hr zone then sell off from there to 1.2750.
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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.