Long Term Swing Trade
Good afternoon all, today's setup is a big swing trade! Been waiting for a possible decent trade setup on GU for a while now. Well it look's like we may finally get one soon. Price has continued to drop further and soon enough we may look to visit the demand zone created from back in March 2020. Since we last visited this price we had a reversal and as you can see we visited the supply zone up top, before dropping gradually back down again. so we have a nice long term target aim for. Depending on entry we could see over 17+ R:R, but it would take a long time for the outcome. If this demand zone breaks then as you can see we have a zone below that hasn't been visited since the 80's. Definitely one to watch over the next few days. Wait for support to form in the demand zone and then get a small buy position on. I will update again when I enter the position. GLIYF
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