In yesterday's forecast, i expected GU to pullback towards 1.3550 support zone for the potential third rejection, which was exactly what the market performed. Currently, GU is a typical exhaustion pattern, will be looking for short-term long opportunities ONLY if price clearly violates the pivot trendline, rotates back towards the upside showing us buyers' strength with 1.3620 & 1.37 daily highs as targets. However, If we again see further weakness in GU breaching 1.3540 support zone, we could have a potential short-term selling opportunities with a break & re-test setup towards 1.3479 key level. As long as 1.3540 support zone holds, remain bullish bias to respect the higher timeframe structure.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
評論:
Previous analysis
