Being in this recession, my technicals give me a vague idea that a collapse will be coming shortly.
The Monthly Timeframe clearly indicates a recent bearish break of 1.42000 in September. GU is most definitely 'short' in the long term (according to technicals).
On the daily, it was quite hard for me to conclude even with my own developed strategy. However, it seems we're currently in a retracement period that's may shortly come to an end, as GU approaches a strong Daily supply zone which could mark out the time period of the next market collapse,(?) just as it did with COVID in 2020.
I could be very wrong of course, but i'd like to be right so i can make some change to buy a meal deal.
Let's see.
Good luck Traders.
The Monthly Timeframe clearly indicates a recent bearish break of 1.42000 in September. GU is most definitely 'short' in the long term (according to technicals).
On the daily, it was quite hard for me to conclude even with my own developed strategy. However, it seems we're currently in a retracement period that's may shortly come to an end, as GU approaches a strong Daily supply zone which could mark out the time period of the next market collapse,(?) just as it did with COVID in 2020.
I could be very wrong of course, but i'd like to be right so i can make some change to buy a meal deal.
Let's see.
Good luck Traders.