You can read more details about this formation on the internet. It have to confirm yet (B point).
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My trading assistant said me yesterday twice go short, but it doesn't confirmed yet. I hold my long from 1,25588. We will see. My GU long in BE. SL = 1,26745
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My GU long stopped out, but here is the new one.
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Maybe I am wrong with GU long, but Bulkowski's description about Right-Angled and Descending Broadening Formations worked well. "Buy at 3rd touch: When price touches the bottom trendline for the third time and begins rising, buy." Support is strong imo. Last month's close level, weekly cam pivot, hourly SMA200, fibo 50%-61.8%.
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GU couldn't break out on Friday. If it succeeds to break out, it can touch the daily SMA200's line. At the monthly camarilla pivot / R3 level I count on a retest.
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There is a new week and there is a new weekly CAM levels.
I belive this plan works. My long order is in BE currently it is below daily CAM pivot (about 1.27100).
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Target is monthly cam pivot/R3 and weekly cam R3.
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Regression trend channel on H1.
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GU is at monthly camarilla pivot level.
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A lot of important leven on same place.