Weekly projection on moves on GU.

Scenario 1: So with GU, we currently know that it is in a downward trend, so what I am looking for is a retracement back to the golden zone which will satisfy the fib levels, also giving us the head and shoulder pattern having us go for shorts.
Scenerio 2: Price can also straight ahead reject at 1.37800, and we can go for shorts. But scenerio one looks more valid, since on the 1HR frame, there is a break and a retest in structure.

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