GU summary 20 July

I thought GU bias was up but we were at a resistance level so the potential was there for a fall.

4hr showed the way for the drop with divergence and then RSI crossing below its ma during London morning session. 1hr chart sell divergence yesterday. As mentioned several times a higher low/lower high, in this case a lower high, following divergence is often a decent trade in itself. More than enough reasons on multiple time frames to counter trend the daily move up.