If you've checked my yesterday's forecast on GU, the market played out as exactly as i planned. The questions to ask yourself are "what's smart money thinking? Where do majority of the traders get trap?". GU is currently channel (range bound), could we see an easy push back to previous low or 1.31? Or could we see a break upside towards previous highs (1.3470 - 1.3540)? Personally, will avoid trading breakout setups during condition like this and looking for intraday short opportunities back to structural low if the channel pattern is intact.
Trade safe.
Trade safe.