Long

Long on GU

Updated

Hello traders. This is my current view on GU. I still feel there is strong buying power and I will be looking to buy at that level. I am aware that GU failed to break above the previous high and then started its rejection to the downside. With this position I will not be waiting for any rejection candlesticks before entering. My target will be at the current daily high. Because I will not be waiting for further confirmations, I will have 2 positions of the same lot size and stop loss, 1 of them being a 1:1 so that when its take profit is hit I become break even. The trade is taken from a 5m demand zone. We will see how it plays out. Danko

Note

1:1 trade tp hit. Second trade is at Break even now even though its stops are still in loss. So its a risk free trade. Now lets make sure to trail the sl behind every low that the market forms

Note

As soon as we break 1.26552, Im moving stops to break even

Note

Stops are at 1.26501

Trade closed manually

Closed

thebasiqtrader

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