Buy GU
Updated
M: Downtrend, broke and retesting for the buy
W: Uptrend, broke trendline for sell
D: Downtrend, retraced 100% and hit -61.8
4H: Downtrend, retraced 61.8 and hit -61.8
1H: Downtrend, hit -61.8
CURRENTLY: I'm looking for price to reverse for the buy and make its way up to 1hr trendline @ previous minor support/resistance level.
(~50 pips)
W: Uptrend, broke trendline for sell
D: Downtrend, retraced 100% and hit -61.8
4H: Downtrend, retraced 61.8 and hit -61.8
1H: Downtrend, hit -61.8
CURRENTLY: I'm looking for price to reverse for the buy and make its way up to 1hr trendline @ previous minor support/resistance level.
(~50 pips)
Trade closed: target reached
Price dropped a bit more, to previous support level and still made it's way up to the resistance area as expected. Entry could have been at that retest of support around 1.3180 and even a second confirmation around 1.3200
Exiting at resistance area around 1.3268 giving us MORE than the expected 50 pips!
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