GU Rejected a key swing point in macro.
Yesterday we saw GU rejecting fib level 70.5% at 1.35886.
Price cleared the high created on tuesday.
Using power 3 formation, i am expecting a bearish week, therefore high of the week formed on wednesday.
My entry has been defined yesterdays high and low today's asian session, OTE at 70.5%, also there is a bearish orderblock, also there is key level 1.35750.
Using power 3 formation on a daily TF, London session has created high of the day.
I am looking to target the lows of monday.
Yesterday we saw GU rejecting fib level 70.5% at 1.35886.
Price cleared the high created on tuesday.
Using power 3 formation, i am expecting a bearish week, therefore high of the week formed on wednesday.
My entry has been defined yesterdays high and low today's asian session, OTE at 70.5%, also there is a bearish orderblock, also there is key level 1.35750.
Using power 3 formation on a daily TF, London session has created high of the day.
I am looking to target the lows of monday.
Trade closed: target reached
1st target reached of 40pips. trade closed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.