Weekly Analysis - GU

Update
Week 1 (1-5/216)

High - 1.46678
Low - 1.42275

Week 1 opening price - 1.42405 (13.0 pips differences from the weekly low)

Potential move

The first week notes
- the total range made was 440.3 pips with the potential that it has reached the weekly (yes) and monthly low
- the bullish strength is at 427.30 pips which is below than the potential 500 pips ratio for the monthly range

SND notes
- the HD supply at 1.46137 and demand at 1.44813 
- the daily supply at 1.45894 and demand at 1.42186
- the weekly supply at 1.56665 and demand at 1.45420

Monthly hnl
- the 1st monthly high targeted at 1.46405 (which was false break at 1.46678 on friday) and the2nd at 1.47405 and the 3rd at 1.48405

The 2nd week
- price is expected to move towards 1.46001 (nearest supply at 1.46137 and monthly high at 1.46405) as the potential weekly high and bearish towards 1.43001 (if it breaks the nearest demand of 1.444814).

Note
- If the price somehow break above 1.46001 - 1.46405, thus the probability of another bullish week is possible toward 1.47001 - 1.47287 / 1.47405

SETUP

Weekly 
Sell Limit 1.46001 tp 1.44813 / 1.43001 

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