Depending on TF the view on GU can vary. On Monday I said that attack on 1.37 will continue
https://www.forexfactory.com/thread/...2#post13365132
This happened today:
Good thing is that GU is moving quite predictably in a channel, but I am getting mixed message between 2 factors:
1) It is 4th tap on 1.37+ level during last 20 days signalling potential break upward (more frequent testing of R vs quadruple top?)
2) It has started to move in a slight upward pointing wedge, which more likely means break down.
Nearest S/R levels boxed out.
Levels to watch for outlined in chart.
Trade safe,
I
https://www.forexfactory.com/thread/...2#post13365132
This happened today:
Good thing is that GU is moving quite predictably in a channel, but I am getting mixed message between 2 factors:
1) It is 4th tap on 1.37+ level during last 20 days signalling potential break upward (more frequent testing of R vs quadruple top?)
2) It has started to move in a slight upward pointing wedge, which more likely means break down.
Nearest S/R levels boxed out.
Levels to watch for outlined in chart.
Trade safe,
I
1