Hi Traders, I took a few days off to fully enjoy the precious time with my family & friends celebrating Chinese New Year, It's been so long since I'm totally off the chart for several days. For those who concerned if I'm okay, I am fine :)
Currently we're looking at clear higher lows and highs sequence on the 4h chart on GU, with EMAs clearly sloping upwards. But I've noticed that RSI is slowly indicating overbought & divergence condition. If you're looking for buys make sure you're buying on the dips. 1.3850 & 1.3759 support zones are area where i'll look for buys. I do expect a bit of rotational move downwards before further bullish continuation. Avoid chasing the market and stay reactive. Do not forget the overall trend on higher timeframe remains bullish.
Trade safe.
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