Yo traders,
This trade looks good to move down.
Based on my previous analysis for US index which shows a bullish forecast, GU seems to be in line with the same and looking to move down.
Price has reached the weekly resistance and has shown rejection (pin bar candle at resistance on daily). In the past we have seen the same rejection at this level.
Lets wait for the trend to break before it moves down
Thanks
Madtradex
This trade looks good to move down.
Based on my previous analysis for US index which shows a bullish forecast, GU seems to be in line with the same and looking to move down.
Price has reached the weekly resistance and has shown rejection (pin bar candle at resistance on daily). In the past we have seen the same rejection at this level.
Lets wait for the trend to break before it moves down
Thanks
Madtradex