This what I expect from GU. There is 2 scenarios.
1st. price come down to blue trendline and move up to 1,16 level and tests fibo 50 and completes ABC and gows back down to ~ 1,14 level.
2nd. Price come down to test blue trendline andd breakes 1.16 level and goes back up and ultimately reches ~1.19 area.
Right now for short term I think that the 1st is more likely, but after reaching that ~1.14 preice eventually wll go back up.
Good luck trade safe!
1st. price come down to blue trendline and move up to 1,16 level and tests fibo 50 and completes ABC and gows back down to ~ 1,14 level.
2nd. Price come down to test blue trendline andd breakes 1.16 level and goes back up and ultimately reches ~1.19 area.
Right now for short term I think that the 1st is more likely, but after reaching that ~1.14 preice eventually wll go back up.
Good luck trade safe!
