Opportunities to go Short on GU
#GBPUSD
Keeping it Clean, Straightforward and Precise;
On the weekly timeframe, GU's outlook is bearish falling form a significant high(1.4246). Forming a LH & LL on a Daily TF. 1.3600 looks like a zone which is tested thrice (Jul 20,2021 to Sept 22,2021) which makes it a strong resistance befr the breakout on sept 28, 2021. Then GU consolidated on the 1.3600 level after making a LL(1.3424)
ATM, we'll be looking for opportunities to go short on GU if the daily time frame closes below 1.3600 nd looking for 400pips TP
Otherwise, we'll be looking for 1.3684
Your opinions are highly appreciated... Happy new year 🎉
Keeping it Clean, Straightforward and Precise;
On the weekly timeframe, GU's outlook is bearish falling form a significant high(1.4246). Forming a LH & LL on a Daily TF. 1.3600 looks like a zone which is tested thrice (Jul 20,2021 to Sept 22,2021) which makes it a strong resistance befr the breakout on sept 28, 2021. Then GU consolidated on the 1.3600 level after making a LL(1.3424)
ATM, we'll be looking for opportunities to go short on GU if the daily time frame closes below 1.3600 nd looking for 400pips TP
Otherwise, we'll be looking for 1.3684
Your opinions are highly appreciated... Happy new year 🎉
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