GU BIAS: STRONG SELL. DO YOU WANT TO BUY? NO!

Dec 17, 2022

Zoom to see clearly. Analysis Chart: H4 timeframe. In the H4 timeframe, the price has completely broken the great trendline and the minor support level of 1.2217, indicated by the red horizontal line, showing bearish strong momentum in favor of the bears. Currently, the price has been sandwiched between these two levels: 1.2217 and 1.2131 and has never been able to make a new high. Until the price breaks the strong support level of 1.2131, don't sell. Be patient here because there could be a little pullback before the price continues the downward movement to 1.1944 and 1.1791, these are take-profit levels where the price could reach and react to.