Hello traders,
After we had our trade close in breakeven, it now appears that GU is rounding off and might be forming a cup and handle formation as you can see on the chart.
However more confirmation would be better so it would be better to wait for some confirmation and this is a more riskier trade.
I have not posted a trade setup with tp and sl because I believe we need to see what the market will do.
If you are okay with taking the risk, you can wait for candle close above the trendline and long it to the previous highs with a stop loss somewhere in the middle of the bottom wicks.
After we had our trade close in breakeven, it now appears that GU is rounding off and might be forming a cup and handle formation as you can see on the chart.
However more confirmation would be better so it would be better to wait for some confirmation and this is a more riskier trade.
I have not posted a trade setup with tp and sl because I believe we need to see what the market will do.
If you are okay with taking the risk, you can wait for candle close above the trendline and long it to the previous highs with a stop loss somewhere in the middle of the bottom wicks.
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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.
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.