we have seen GU moving exactly as per plan.
its has been supported by 1.3520 resistance and bounced off with H1 being bullish. we can initiate a long position here at 1.3535 approx with a stop at 1.3478. tp should be 1.3587 . DXY has met resistance and retrace is likely . moreover Mean price reversion bias also supports the setup as it has been a downtrend for last 10 H4 candles. plz do not take the trade any further from 1.3587 as there remain another strong resistance their.
best of luck
its has been supported by 1.3520 resistance and bounced off with H1 being bullish. we can initiate a long position here at 1.3535 approx with a stop at 1.3478. tp should be 1.3587 . DXY has met resistance and retrace is likely . moreover Mean price reversion bias also supports the setup as it has been a downtrend for last 10 H4 candles. plz do not take the trade any further from 1.3587 as there remain another strong resistance their.
best of luck
Trade active
Note
Stops to entry on the setup we are risk free and 30 pips up
best of luck
time of trade : 4 hours
Trade closed: target reached
ALHAMDULILLAH
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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.