Short on GU
Hello traders. This is my current view on GU, yesterday we saw a big move on GU to the downside after it rejected the 30m supply level that was also marked on my previous analysis. I'm expecting price to tap into the 15m demand that is right above the minor consolidation the pair has had a while ago. You can aim for a 1:1.5, 1:2 or 1:3. Personally I do not always stick to my profit levels, if I see the market saying otherwise, I simply exit the position. Danko!
Note
If it does tap into the supply zone you can always wait for signs of bearish pressure kicking in before getting on a position.Trade active
Trade closed: stop reached
Just took a look at the chart and I do not know what exactly happened. SL hit.
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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.