SMC analysis on GMT/USDT (Bearish!!!)
Updated
Hello guys ,Today i found a great opportunity on GMT with SMC.
the price is trying to breakout the trend line.(wait for the pullback)
open your position when price breaks the last LL(new CHOCH) and pullback to the trend line.(open your sell position at 0.2200)
the SL should be above the local green channel.(SL at 0.2225 is a good choice)
we have a FVG between 0.2075 and 0.2085, you can close the position at FVG.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
the price is trying to breakout the trend line.(wait for the pullback)
open your position when price breaks the last LL(new CHOCH) and pullback to the trend line.(open your sell position at 0.2200)
the SL should be above the local green channel.(SL at 0.2225 is a good choice)
we have a FVG between 0.2075 and 0.2085, you can close the position at FVG.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
Order cancelled
it was a fake breakout , wait for another breakout with a pullback.Disclaimer
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