GU exhaustion trade...yep, you've guessed it, ANOTHER sniper.
Updated
Targeting this trade to 1.3270. Another perfect entry, 0% drawdown. 1:7 ratio trade.
As GU made another correction after its bullish run yesterday, I was always going to look for that optimum entry point to catch the buy as low as possible. Current target of 1.3270 is based on BXY gap at 132.7 which is the closest gap to price now after the 132.00 gap was covered today.
Another low-risk trade. Let's see how this turns out. Will be moving SL to BE following this post.
As GU made another correction after its bullish run yesterday, I was always going to look for that optimum entry point to catch the buy as low as possible. Current target of 1.3270 is based on BXY gap at 132.7 which is the closest gap to price now after the 132.00 gap was covered today.
Another low-risk trade. Let's see how this turns out. Will be moving SL to BE following this post.
Trade active
Trade currently 50 pips in profit.Trade closed: target reached
TP HIT. 70 pips. 1:7 ratio trade. 0% drawdown.
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.