In yesterday's analysis, I expected GU to have a deep pullback due to the overbought condition, which was exactly what the market performed. In today's trading session, I will be focusing on short-term rotational opportunities towards 1.4040 minor support zone. Be cautious that I am shifting my bias to short-term mean reversion setups (short-term selling opportunities) due to the current over-stretched condition, if there's strong bullish momentum pushing the price upwards, avoid going against the flow. The overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Komen:
Previous analysis
