looking for buys on GU
technicals;
there we have a daily RSI divergence between last swings and a 4h divergence between the lower lows, which signaled to me that there is a trend reversal coming soon
based on the 4h there is a new form of structure-forming HH and HL in addition of a break of the previous HH so that is another confluence, then you have a break of the trend line and a pullback to 1.34000 a psychological number which I am waiting for the price to go to before reversing and touch the 0.618 golden fib level as well
and i would look for 50ma touch as a new trend confirmation.
technicals;
there we have a daily RSI divergence between last swings and a 4h divergence between the lower lows, which signaled to me that there is a trend reversal coming soon
based on the 4h there is a new form of structure-forming HH and HL in addition of a break of the previous HH so that is another confluence, then you have a break of the trend line and a pullback to 1.34000 a psychological number which I am waiting for the price to go to before reversing and touch the 0.618 golden fib level as well
and i would look for 50ma touch as a new trend confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.