Since last Friday, GU have reached to its new low of 10 months period - below 1.4292. During the Asian session open this morning, the price was further down before the price start to climb for some retracement.
I have been waiting an opportunity to counter the bearish trend of GU movement and at some points I was out of 40 - 50 pips. After my patience being tested for several hours, the fruitful result started to appear as my long (buy) position on GU have hit my profit limit that I've set for 20 pips gain.
For now, almost 2 hours after EU open. GU have started to climb 1.5012. After it reached its peak (could be the highest of the day), its started to fail to climb further and giving up its initial uptrend momentum.
I have a believe once it can make a break 1.5000 barrier for another time. GU can start to climb to touch SMA 24 line which at the moment recorded around 1.5036 area on my 1 hour candle (1.5197 for 4hr candle).
It could be a bullish trend for the whole day depending on GU movement right before the announcement of BOE news release which been scheduled at 1530 GMT today.
I'm hoping that I can get a better result today. ..... wishing and analyzing for now...
