In the recent analysis, I've been discussing about the Flag (exhaustion pattern) forming on since late February. In today's trading session, I will remain neutral bias. There are two scenarios that I am looking at
1. If there's any clear upwards breakout of the current flag pattern, that provides a potential retracement entries with 1.4000 resistance zone as the target (Bullish)
2. If there's bearish momentum stepping in violating the 1.3856 minor support zone, that could send GU towards the 1.3760 support zone (Bearish)
The higher timeframe structure remains bullish. Be flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. If there's any clear upwards breakout of the current flag pattern, that provides a potential retracement entries with 1.4000 resistance zone as the target (Bullish)
2. If there's bearish momentum stepping in violating the 1.3856 minor support zone, that could send GU towards the 1.3760 support zone (Bearish)
The higher timeframe structure remains bullish. Be flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.