28 Sep recap GU evening star at proven resistance level

Bias was up but the resistance level, W M5, high from 25 Sep combination for GU was too strong. There was a clear topping out process on 1hr chart, an evening star type pattern (positive close, doji, engulfing negative close). Such a clear pattern at a proven resistance level is an obvious trade. The importance of support/resistance and W pivots is clear.

EUR had a similar evening star pattern on 1hr with divergence. We sold GU.