I've been watching GU for a long time and as per last week price failed to break the RESISTANCE several times and so I was waiting for a reversal price gave me and now I'm in after price broke structure on the 1h at a key area 1.2500 I'm trading it to the H4 support I wanted to take it to the 27extension but I'll watch how Price will react to the H4 support+ NEWS
More than likely the set dependent upon breach of resistance will occur given that the overall trend of the market is bullish......
With that being said the trend looks to be coming to an end and the market is going into a state of either consolidation or trend reversal via
correction wave increase in strength. examination the trend of the market will show the...
GBP/USD seems to be running out of steam for continous pushes to the upside. We are taking aggresive short trade to the downside with high risk reward ratio. Our sell zone is the 1.3130-1.3150 area where we should consider selling the pair. Price is currently in our zone so trading is already active! Happy Hunting Wolves!
