Is it time for GU to gain some strength before another swing low?
Recently price has been making 4H HLs telling us we might see a bullish push. Price has broken from 1.2150 resistance and has retraced to test 1.2150 as support and a third touch of our ascending TL where a bullish hammer has formed. From here I am expecting price to push up to the descending TL and if this can break we may continue to see price push to the daily OB at 1.2380 where I would be looking for shorts with 500+ pip target.
Recently price has been making 4H HLs telling us we might see a bullish push. Price has broken from 1.2150 resistance and has retraced to test 1.2150 as support and a third touch of our ascending TL where a bullish hammer has formed. From here I am expecting price to push up to the descending TL and if this can break we may continue to see price push to the daily OB at 1.2380 where I would be looking for shorts with 500+ pip target.