JosephAN
The overall structure for GU has been bullish, for this setup am hoping for a continuation to the upside. On a 4H chart price has bounced off an orderblock and on a 15m we see a liquidity sweep and a valid order block as well as a fair value gap left after a displacement. Buy.
We Can collect some pips before the RBNZ Rates are declared. Always Use Proper Money Management.
A regular Bullish divergence has formed and gave some upward push, am hoping to go long after a retracement Always Use Proper Money Management.
A break and close below the major level of structure gives the possibility for a retest before continuing riding the trend. Always Use Proper Risk Management.
The recently broken level is now being tested and if price fails to close below the zone then we'll be looking for a buying opportunity. And if you shift to a 1D chart you'll notice that the price had just bounced off a 50fib level which gives hopes for long opportunities.
entry at 0.71174 and take the profits at 0.70806 measured from the fibonacci expansion and set your stop loss at 0.71398