Trading the first quarter of the year has been a slog and pain in the butt. Time to step back and look at the broader picture. From a weekly perspective GU is contracting in a narrow range between 1.27000 and my yearly pivot at 1.25569. Notice the weekly rejection off 1.25569 with a higher weekly candle close. I tend to lean more to the upside but a weekly candle close above 1.27000 or below 1.25569 (yellow highlighted area) will be crux in price moving forward in the 2nd quarter of this year. Patience once gain of utmost importance here to catch the trend.
Trade safe.
Cheers.
Trade safe.
Cheers.
Trade to trade another day
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