GU has still not made any decision. We are currently at the daily/h4 Supply Zone and we are waiting on how the market will react on it. It looks like price consolidates right now at the Supply Zone. Also price formed a correction pattern.
I marked both scenarios on the chart. But on the long run I see GU going up. Therefore I will definitely look to buy GU but only at the break of the Supply or at the Demand Zone if the price will drop. We also got a nice short opportunity but for that we need price Action Confirmation.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Here is my technical analysis: