GU - HTF Analysis
Don't be sheep.
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Based on the HTF, price is clearly range bound seeking liquidity to buy-side based off market structure. There's a weekly inefficiency that still needs be filled, along with a Weekly OB, which is the origin of the bearish expansion.
Going into next week, I expect price to reach for those weekly imbalances aggressively, trapping many retail traders in shorts. I would be very cautious on shorting this pair going into the end of the month.
Going into next week, I expect price to reach for those weekly imbalances aggressively, trapping many retail traders in shorts. I would be very cautious on shorting this pair going into the end of the month.