Pair looking to give us an inverted head and shoulder. Be on the lookout and enter buys only if you see a setup that falls in your plan.
GU is at both horizontal and trendline support. On M30 there's a small double bottomed and inverted head and shoulder forming. We should see some push to the upside.
The pair found horizontal support next to the trendline support and reacted off it. There is a minor H1 trendline resistance and major H4 trendline resistance, if both are broken then we shall see price move way up.
Price has reached back to the rising support. Waiting on bullish confirmation but safe entry would be on break of trendline. If support is broken then we will have to look for shorting opportunities.
This pair has been ranging for quite some time, finally broken out of both range and trendline resistance and done retesting. Let's see