GU sell
DAILY: I see that price, in an uptrend, crossed -27 twice and is hitting resistance at the weekly key level. The RSI is showing bearish divergence
4HR: Price was in an uptrend, retraced to 61.8 then crossed -61.8 on the 4HR FIB and hit resistance at the weekly key level. There's divergence on the RSI indicating a bear move coming.
CURRENTLY: 1HR structure, I see that price was in an uptrend retracing to 61.8 on the 1H FIB then crossed -61.8, finding resistance near the weekly key level. Price is ranging.
Right now, I'm looking to see if price will break the channel for the sell to previous support, sitting on -61.8 on the 1HR FIB (60 -160 pips)
TP1 = immediate support (0%)
TP2 = -27
TP3 = -61.8
4HR: Price was in an uptrend, retraced to 61.8 then crossed -61.8 on the 4HR FIB and hit resistance at the weekly key level. There's divergence on the RSI indicating a bear move coming.
CURRENTLY: 1HR structure, I see that price was in an uptrend retracing to 61.8 on the 1H FIB then crossed -61.8, finding resistance near the weekly key level. Price is ranging.
Right now, I'm looking to see if price will break the channel for the sell to previous support, sitting on -61.8 on the 1HR FIB (60 -160 pips)
TP1 = immediate support (0%)
TP2 = -27
TP3 = -61.8
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