GU setup

stephane

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On the daily the pair broke up a resistance at 1,535 where the SMA200 and a fib line are also located,

That level is being retested now as a support. If it holds, the next resistance is around 1,55.

GU_D.png
 

stephane

Private, 1st Class
Messages
114
No real trend on GU daily. We see three strong bearish candles, but no new low was created, and yesterday's candle is a doji; This is very close to a morning star.

I need the low at 1,516 to be broken (and retested) to start thinking short. Should it go up, there is a former support now resistance around 1,535. That would also be a place to look for shorts.
 

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stephane

Private, 1st Class
Messages
114
And this is exactly what happened. The cable rejected the 1,516 support and went back to the 1,535 resistance. Let us see whether it may break it up or not.
 
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