GU Daily Analysis
Updated
Daily: The pair is currently in a downtrend. The price has found support on 1.3225 but failed to close above 1.3275.
A break above 1.3275 would target the upside 1.3325 & 1.3375.
4H: The price is currently in a strong downtrend. The price is approaching the trend line situated just above 1.3725 region. More confirmation is needed to confirm whether it will bounce back below or break above.
1H: The price is currently consolidating at the trendline. A break above the trendline will target the upside at 1.3325. A rejection from the trend line & resistance 1.3275 would take the price down towards 1.3225 & 1.3175.
Trade active
Price has tested trend line & closed below 1.3275. Short entered to 1.3225 & 1.3175.Trade active
Its a false break below 1.3275, the price immediately turn around and consolidate above the resistance turned support. Wait for price to consolidate above 1.3325 to target 1.3375
Trade closed: target reached
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