Dear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...just like EURUSD , GU reached target 2 and made the 700 pips that I have been talking about in the last months and now it is time to do a new analysis ...
In the next period I think it will play more on economic factors taking into account the economic crisis in the UK but in the long run ... I think GU will start a new rise of 200-300 pips even if it can, it will test the 1.34500 area again
GU closed above the extremely strong 1.34500 area formed in the last 5 years and on the 1 month chart it rejected from the Fibonacci 0.5 area
but I repeat ... pay close attention to the economic news in the UK because the decline could be wider ... 200-250 pips and from there UP again to 1.37
THIS WEEK...GU reached and even exceeded 1.37 as I said now ... I see an extremely dangerous period!
Judging by the pattern of the letter M that he made in 2018 and because it closed under the green support in zone 1.37800 ... I will continue to bet on SELL until zone 1.34 and from there ... I will reanalyze!
however ... any closure even for a day over the green lines should give us the trend for the next period!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...just like EURUSD , GU reached target 2 and made the 700 pips that I have been talking about in the last months and now it is time to do a new analysis ...
In the next period I think it will play more on economic factors taking into account the economic crisis in the UK but in the long run ... I think GU will start a new rise of 200-300 pips even if it can, it will test the 1.34500 area again
GU closed above the extremely strong 1.34500 area formed in the last 5 years and on the 1 month chart it rejected from the Fibonacci 0.5 area
but I repeat ... pay close attention to the economic news in the UK because the decline could be wider ... 200-250 pips and from there UP again to 1.37
THIS WEEK...GU reached and even exceeded 1.37 as I said now ... I see an extremely dangerous period!
Judging by the pattern of the letter M that he made in 2018 and because it closed under the green support in zone 1.37800 ... I will continue to bet on SELL until zone 1.34 and from there ... I will reanalyze!
however ... any closure even for a day over the green lines should give us the trend for the next period!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.