As seen on the chart, trading volume on friday was traded above average which is at 187.46M compared to average volume which is 150.941M. This is a good sign because the candle closed on green. It also formed an ascending triangle pattern on 1H chart making a higher high and higher low. It touched 0.190 but failed to break the resistance. However, based on trendline it is still in an uptrend with a very strong adx of 64.74, di+ is at 41 and is above the di- which is 6 on daily timeframe. Based on smart money indicator also indicates GFM-WA still has full banker on daily timeframe. I suspect a breakout soon at 1.90 and will possibly go higher and break the ATH at 0.265. Only time can tell.
p/s: This is not a buy or sell call. I am only sharing my opinion about GFM-WA based on my study.
p/s: This is not a buy or sell call. I am only sharing my opinion about GFM-WA based on my study.