This post is just an update on how my previous post is playing out. OB.1 has been reached, time to let it dance towards OB.2.
Here is another GU analysis I'm looking to short. Previous highs have been taken out but failed failed to break. I know its only Monday so who knows which way the market will go but with everything at the known so far let's see how this pans out. I am looking to see when the chart hits my first order block then reassess the chart to work towards my 2nd oder...
Reaching a 7.08 RR out of optimistic 12.39RR whilst risking less than 1% stop loss.
STARTED THIS ANALYSIS on the 28/06/21 Noon and as you can see from my setup is that the $ Index wanted to retest the 38.2 region for the final time before respecting my OB within the 61.8 region once it had reached 92.199. Again, with the market wanting to move however it desires, it's a nice feeling seeing it has validated my analysis one again hitting the 92.3...