– GU has reached target 1,220 as stated earlier and there has been a PRICE REACTION here=> The reason for touching the Weekly Supply Zone (large time frames are difficult to penetrate).
Although yesterday’s D1 tree failed to close the Engulfing noticeably, we can still see that GU was stopped by the Bears when it hit this barrier.
– We will wait for one more D1 candlestick to close down today so that we can determine if the bears can defend this area well.
– Today we have a Sell order at 1.216, Target heads to 1.213 further than 1.210 with a stop loss on the D1 candlestick
