I have made today already a video about GU. But I decided to post this detailed analysis. Here you can see how the price is always doing Fake Outs at Support and Resistance. This is why I am combining it with Supply Demand in order to not get trapped by these moves.
2 possible scenarios: Like I mentioned in the video me personally I am expecting a nice drop. But we also could go straight up. This is also a possibility and I wanted it to illustrate this scenario better in this analysis.
#1 Short: The drop will happen if the liquidity in the market is given by the banks in order to push the price more down otherwise ... #2 Long: The price will go up. It will break the Supply Zone. Retest the new Swap Zone and will go up.
Watch Price Action and be careful. React on what the market will give you.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
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