In yesterday's analysis, I expected GU to re-test the 1.3920 minor support zone followed by bullish continuation towards 1.3994 resistance zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias. Two scenarios that I am looking at
1. To have any long setups, I'll need to see a clear break above the 1.4000 resistance zone. If the 1.4000 resistance zone is violated, there's a potential break & re-test setup with 1.4086 minor resistance zone as the target (Bullish)
2. Be aware that we might see some sideway condition if GU is rejecting the current 1.3994 resistance zone.
The higher timeframe structure remains bullish.
Trade safe.
Do follow my profile for daily forecast & educational content.
1. To have any long setups, I'll need to see a clear break above the 1.4000 resistance zone. If the 1.4000 resistance zone is violated, there's a potential break & re-test setup with 1.4086 minor resistance zone as the target (Bullish)
2. Be aware that we might see some sideway condition if GU is rejecting the current 1.3994 resistance zone.
The higher timeframe structure remains bullish.
Trade safe.
Do follow my profile for daily forecast & educational content.