Amazing structure formed by GU. Clean 5 wave impulse followed by a complex corrective structure.
Price has bounced off of the 61.8% fib retracement level of the impulse which also happens to be
confluent with a support level. On the m15 timeframe, price has broken out of a descending trendline
and has just retested it. This is quite the concoction of a long bias psychology. Let's see how it performs.
Let me know what your thoughts are on GU for the upcoming weeks. I hope you are having a safe and good
trading week.
Targets:
- 1.37800
- 1.41350
For now....
Price has bounced off of the 61.8% fib retracement level of the impulse which also happens to be
confluent with a support level. On the m15 timeframe, price has broken out of a descending trendline
and has just retested it. This is quite the concoction of a long bias psychology. Let's see how it performs.
Let me know what your thoughts are on GU for the upcoming weeks. I hope you are having a safe and good
trading week.
Targets:
- 1.37800
- 1.41350
For now....