GU LONG TRADE IDEA
Updated
We have an uptrend on week TF with Resistance pivots broken . On 4 Hr TF it is in uptrend with BOS and we are at a S/R zone near a broken R pivot and S pivot. We also have Support at rounded level. Footprint showing buying volume. Waiting on bullish reaction with more volume remaining of week for long trade target 1.3100. SL Below the Support pivots .
2 Entries risk 0.5% each position size
2 Entries risk 0.5% each position size
Note
The 4 Hr candle footprint volume showing Increase in Buyers volume at this zone. If buyers effort Is rewarded in the next candle by price moving higher that can be a trigger for long entry . If price moves lower then price is going to retrace on daily or week TFTrade closed: stop reached
Price reached SL and broke Support pivot on 4hr tf. Loss of 0.5%. On footprint chart there was buyers absorption and price moved lower.
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