Our daily time frame has been bearish since Jun 2021. That was when the bearish moves started and been going bearish since. Until price break structure and created a HL on the daily chart we will still be looking for sell. As of 2nd October there are no indicator showing that we should be looking for long-term buy.
Daily chart is bearish but sellers exhaustion on HTF (monthly time frame).
Our monthly time frame is showing a big exhaustion wick for the month of Sep 2022. It is highly possible that GU has found support level @ 1.04900 - 1.10000 range. Last time price was at the range was Feb Mar 1985 and price rejected/found support and went bullish. It is highly likely that price could do the same thing, considering that this area is a monthly and weekly key level.
Daily chart is bearish but sellers exhaustion on HTF (monthly time frame).
Our monthly time frame is showing a big exhaustion wick for the month of Sep 2022. It is highly possible that GU has found support level @ 1.04900 - 1.10000 range. Last time price was at the range was Feb Mar 1985 and price rejected/found support and went bullish. It is highly likely that price could do the same thing, considering that this area is a monthly and weekly key level.
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