Took a long on GU because of a fairly clean break and retest of the 4hr zone.
I do see a head and shoulders forming so I don’t expect this to be a long term trade. Possible retest of the right shoulder. Playing this one close to the vest.
After first TP, I will partial out and let it run.
If price breaks, closes, and stays below the zone, I will be looking to exit the trade.
I do see a head and shoulders forming so I don’t expect this to be a long term trade. Possible retest of the right shoulder. Playing this one close to the vest.
After first TP, I will partial out and let it run.
If price breaks, closes, and stays below the zone, I will be looking to exit the trade.
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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.