In the previous analysis, I talked about potential bearish rejection on GU at the 1.3860 minor resistance zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias. The market is currently at extreme over-sold condition, avoid chasing the sells. Two scenarios that I am looking at
1. If we get a re-test at the 1.3780 minor resistance zone, that could provide a potential re-test short setup with 1.36 support zone as the target (Bearish)
2. If there's any sudden bullish momentum pushing the price above the 1.3755 zone, that could send GU upwards (Bullish)
Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.
1. If we get a re-test at the 1.3780 minor resistance zone, that could provide a potential re-test short setup with 1.36 support zone as the target (Bearish)
2. If there's any sudden bullish momentum pushing the price above the 1.3755 zone, that could send GU upwards (Bullish)
Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.