Still Bearish on GU HTF
Hello Traders...
Because fundamentals are not in favor of GU, I had to look at a much Higher time frame for this pair and this is what I am able to come up with.
I feel that the bears may have another party in the long run but I am going to watch out for the 1.26842 zone for some bearish pattern to help me follow them.
I see the possibility of the retest of the 1.1800 zone which is the middle of the Monthly "FAIR value gap FVG" called consequent encroachment in trading terminology. So I will be taking short-term buys next week with my initial target at 1.26842 where I will be looking for a bearish pattern or bullish confirmation.
However, for now, I am still bearish on Higher Time Frame (HTF).
Trade with care and have a fulfilled trading week ahead.
Because fundamentals are not in favor of GU, I had to look at a much Higher time frame for this pair and this is what I am able to come up with.
I feel that the bears may have another party in the long run but I am going to watch out for the 1.26842 zone for some bearish pattern to help me follow them.
I see the possibility of the retest of the 1.1800 zone which is the middle of the Monthly "FAIR value gap FVG" called consequent encroachment in trading terminology. So I will be taking short-term buys next week with my initial target at 1.26842 where I will be looking for a bearish pattern or bullish confirmation.
However, for now, I am still bearish on Higher Time Frame (HTF).
Trade with care and have a fulfilled trading week ahead.
تعليق:
As you can see. The Long term view of GU is playing out gradually. I will break it don to Lower time frames and see if there could be some buy opportunities before we process
تعليق:
This was what I shared on GU bearish bais on the Monthly Chart since September 14.
This is where we are now. Stay tuned for more updates on GU
This is where we are now. Stay tuned for more updates on GU
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