We saw bullish movement on GU when it broke the falling trendline, thanks to fundamental news about the BREXIT madness.
However, for several days now we are stuck in a range which develops to some sort of a cup (or Head and Shoulder or...) meaning, we could go higher from this point.
BUT WAIT: What if the market decides to fake us out? Instead of moving constantly up, it could make a short push up and then fall down to the next decision point.
Stop Hunts, or moves to liquidity pools to get our money happen all the time so be prepared and stay focused if you want to trade the upcoming GU movements.
However, for several days now we are stuck in a range which develops to some sort of a cup (or Head and Shoulder or...) meaning, we could go higher from this point.
BUT WAIT: What if the market decides to fake us out? Instead of moving constantly up, it could make a short push up and then fall down to the next decision point.
Stop Hunts, or moves to liquidity pools to get our money happen all the time so be prepared and stay focused if you want to trade the upcoming GU movements.
Comment:
We have a breakout let's see if it's valid