- GU has reached monthly resistance, it's unlikely to break it without a deep pullback. - GU has created a double top on the 4-hour and weekly timeframe. - The DXY has created a double bottom and is showing signs of strength. - GU hasn't had a weekly pullback in 6 weeks so it's due for a higher timeframe retracement.
I think this is the beginning of a long-term reversal. I predict GU will be bearish for the next few weeks, my bias is sells.
Let me know if you agree or disagree with my analysis in the comments.
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Please be aware that this is a swing trade opportunity, you might have to hold this trade for 1 or 2 days.