1. MARKET OVERVIEW
GU has been on a very strong uptrend since January so i'm expecting that momentum to continue this week aiming for the old high @1.34343 which is also the Previous Year's High (PYH) and a Key Level.
2. KEY LEVELS I'M WATCHING
* Draw On Liquidity(DOL): 1.34343
* Point Of Interest(POI): 1.32411 - 1.32500
3. TRADE BIAS & SCENARIOS
I'll stick on being bullish for the rest of the week until price gets to my target which is the PYH(Previous Year High). I'll execute on my buys only if price trades to my POI before trading to my target, on the condition that price trades higher early in the week and gets to my target(without first trading to my POI) i'll cancel my trade order and switch neutral on my BIAS.
4. FINAL NOTE
Patience is key, i'll wait for price to come to me and not chase price.
Tell me what you guys think about this in the comment.
GU has been on a very strong uptrend since January so i'm expecting that momentum to continue this week aiming for the old high @1.34343 which is also the Previous Year's High (PYH) and a Key Level.
2. KEY LEVELS I'M WATCHING
* Draw On Liquidity(DOL): 1.34343
* Point Of Interest(POI): 1.32411 - 1.32500
3. TRADE BIAS & SCENARIOS
I'll stick on being bullish for the rest of the week until price gets to my target which is the PYH(Previous Year High). I'll execute on my buys only if price trades to my POI before trading to my target, on the condition that price trades higher early in the week and gets to my target(without first trading to my POI) i'll cancel my trade order and switch neutral on my BIAS.
4. FINAL NOTE
Patience is key, i'll wait for price to come to me and not chase price.
Tell me what you guys think about this in the comment.
Trade closed: target reached
As Planned before the week, price got to my entry before my target so i took the Long Position and it was a quick one straight to my TP.Make sure you're following for more value.
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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.