GU BIAS: SELL

Hi there, the GU is currently at the key level area and lingering. The inside bars have formed and have been followed by a fakey pin bar in the H4 timeframe while we have an indecision candle, a Doji in the daily timeframe. The bears are in control of this market and there is no room for buying this market, except if you are a scalper who trades in a small timeframe, as indicated in the H4. After this small consolidation, expect a strong move to the downside to the level of 1.14460.

The two pin bars that formed after the inside bar candle show a strong pressure from the side of the bears. Take note of that.

Finally, we going bear on this market today till the end of this week.