hey traders
let's take a quick look at GU
the red zone around 1.32$ is our major resistance for the last 2 years ( 11 Mar 2022 - 23 Aug 2024 )
this area was our target for the bullish scenario based on this idea
and the same zone was the resistance area that we shorted in the previous trade
now we can expect a break out, in this case, 1.34 and 1.38$ will b the next targets
Wont b valid if we lose 1.27$ in weekly TF
what u think about GU ? share ur chart n leave a comment
let's take a quick look at GU
the red zone around 1.32$ is our major resistance for the last 2 years ( 11 Mar 2022 - 23 Aug 2024 )
this area was our target for the bullish scenario based on this idea
and the same zone was the resistance area that we shorted in the previous trade
now we can expect a break out, in this case, 1.34 and 1.38$ will b the next targets
Wont b valid if we lose 1.27$ in weekly TF
what u think about GU ? share ur chart n leave a comment
Note
Hit the first target
we can expect selling pressure at this level
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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.
Related publications
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.