GMT Ready for a breakout
Updated
two possible scenarios I'm looking for GMT at the moment. first of all, GMT is on very strong support on HTF ( VAL, Weekly Level, 0.78 fibs). but the resistance 0.7 area is holding the price down and the price is making higher lows which could be a heads-up for break out. if you are a gambler you can take a long now and put your stop at the 0.63 lows. if you looking for confirmation wait for the breakout and long on the retest of 0.7 zone stop below the weekly level. one should be cautious about the Failed auction as the price might just take the highs and come back down. I prefer the break-out scenario but I wait for confirmation first. alarms set
Trade active
I have opened a long position here, the first tp is 0.75 and the second target is 0.81Trade closed: stop reached
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