Potential GU sell opportunity!!!

16 Nis 2020

So what I forecast: the old demand zone the left was strong which broke the strong supply zone with a nice rally to the upside 1.25xxx ( potentially taking SL above 1.24xx). The newest trend line which I draw on the rally was broken also taking out two zones on the uptrend line ( first zone and second zone). When the market dropped from 1.25 projected till 1.24xxx( old strong supply zone) and bounced from this location and corrected itself until 6.18 fib. Then with a 6.18 fib, the extension targets are 138 to 161 which is highlighted as soon as that level is taken the market will bounce back to 1.24xx old supply zone respecting our new trend line ( downtrend) and the project to old strong demand zone 1.14 1.11 xxx. Lets how this goes. after all, always be prepared, you never know!!!!!!

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