looking for buys on GU
technicals;
there we have a daily RSI divergence between last swings and a 4h divergence between the lower lows, which signaled to me that there is a trend reversal coming soon
based on the 4h there is a new form of structure-forming HH and HL in addition of a break of the previous HH so that is another confluence, then you have a break of the trend line and a pullback to 1.34000 a psychological number which I am waiting for the price to go to before reversing and touch the 0.618 golden fib level as well
and i would look for 50ma touch as a new trend confirmation.
technicals;
there we have a daily RSI divergence between last swings and a 4h divergence between the lower lows, which signaled to me that there is a trend reversal coming soon
based on the 4h there is a new form of structure-forming HH and HL in addition of a break of the previous HH so that is another confluence, then you have a break of the trend line and a pullback to 1.34000 a psychological number which I am waiting for the price to go to before reversing and touch the 0.618 golden fib level as well
and i would look for 50ma touch as a new trend confirmation.