GMT LONG IDEA
Updated
GMT has been setting up a falling wedge throughout its recent correction.
Zoom in. 4h TF seems to be setting up double bottom, looking for the low set at 0.3517 to be wiped and a new low set in the 6H OB within the Support. This should confirm the double bottom. CHOCH of character to confirm Bullishness will be at 0.4.
In the event the low does not get swept, can expect a positive reaction slightly above around 0.3654 -0.3520.
Targetting 1W fvg at 0.85 and 1D OB in the resistance around $1.
Trade with caution! Good Luck
Zoom in. 4h TF seems to be setting up double bottom, looking for the low set at 0.3517 to be wiped and a new low set in the 6H OB within the Support. This should confirm the double bottom. CHOCH of character to confirm Bullishness will be at 0.4.
In the event the low does not get swept, can expect a positive reaction slightly above around 0.3654 -0.3520.
Targetting 1W fvg at 0.85 and 1D OB in the resistance around $1.
Trade with caution! Good Luck
Note
First entry at 0.3654 has tapped in, will dca towards 0.3517 if it sweeps lowNote
trade activeTrade active
0.4 has now been broken. a close above 0.4 on the 4h tf confirms a shart move aheadTrade closed: stop reached
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