- GU has finally broken monthly resistance, confirming a long-term bullish run moving forward.
- GU had a shallow pullback to the 38 FIB extension during the Asian session.
- The DXY created an evening star on the daily timeframe, showing signs of weakness.
This is a short intraday trade for roughly 50 pips.
Higher high, higher low, bounce off 200ema, targeting next area of resistance and the following area as TP1 and TP2 respectively. Let's see if it plays out.
Trading Idea --- NOT AN INVESTMENT OPPORTUNITY