GU shorts
Hello traders.
Happy New Year to you all.
This is my outlook for GU. Price has taken liquidity on the upside and had expanded to the upside as seen in the snap.
I will be waiting for price to go for the extreme order block to fill up the inefficiency. Once, price gets into my POI, I will be going on a lower timeframe for execution. Currently, risk to reward is 1:6 on the daily until the fair value gap just above the equilibrium line/zone.
Until price gets there, I am going to practice patience.
Good luck to you all and I hope this year will be fruitful.
Happy New Year to you all.
This is my outlook for GU. Price has taken liquidity on the upside and had expanded to the upside as seen in the snap.
I will be waiting for price to go for the extreme order block to fill up the inefficiency. Once, price gets into my POI, I will be going on a lower timeframe for execution. Currently, risk to reward is 1:6 on the daily until the fair value gap just above the equilibrium line/zone.
Until price gets there, I am going to practice patience.
Good luck to you all and I hope this year will be fruitful.
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