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The bulls have failed to keep price above GU's major trendline and it now looks like the bears are going to be taking control. Ideally you'd want price to retest 1.29750 before price continues to push downwards.

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THIS IS A TEST FOR K

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After a month of bullish momentum, price is now failing to to make lower highs. Price has also made a false breakout pattern at 0.99470 and is now continuing downward. Since we are now in a bearish market ( at least for now ) we should now be looking for price to break and retest a structure. In this illustration you can clearly see price had been ranging for 4...

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Price is coming down to the monthly support 0.66732, We should be expecting price to retrace from that level and shoot up. However I doubt this move will be smooth, wait for bullish price structure to form to extra confirm my bias. Watch out the the stop hunts! Good luck.

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Price could go either way, I have a bearish bias on this pair. Make sure you wait for a retest when price breaks out of the wedge.

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If you are looking to take a Short Trade, a decent entry would be at the Wedge Pattern's Resistance if price is moving behaving Bearish. If price breaks out the pattern, look the take another Short Position at the Month Resistance level. 1529.856

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As you can see price has just respected the support of the wedge pattern, by failing to close below it on the 4HR time frame. If price decides to breakout towards the upside, wait for a retest before looking to place a long position.

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After 5 weeks of ranging, AC has broke through to the upside and has is now retracing back to the breakout point. Simple breakout and retest formation.

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Looking at the wicks where price has on the daily chart, it looks as if price has rejected that point and wants to go down. However, decides to go up and break resistance, you should expect some kind of impulse.

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If prices breaks through this daily trendline, it'll be a good indication for a short trade Share me your thoughts.