Beautiful setup for GU, this pair has been on a bullish run for the longest time.
I now see a bearish turn around for this pair, price has rejected my key weekly resistance which is already enough confluence for me to short because of how strong and accurate i know my levels are, price is also forming a lower high signalling a downtrend, also a lovely Head & Shoulders pattern forming. If price breaks the neckline and retests we will see a HUGE sell off, lets see how this one plays out.
I now see a bearish turn around for this pair, price has rejected my key weekly resistance which is already enough confluence for me to short because of how strong and accurate i know my levels are, price is also forming a lower high signalling a downtrend, also a lovely Head & Shoulders pattern forming. If price breaks the neckline and retests we will see a HUGE sell off, lets see how this one plays out.
Trade closed: target reached
Head & Shoulders played out but we got stop hunted before smashing take profit!
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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.