GU has rejected our 4 hour resistance and 78.6% fib level. Moreover is still in our ascending channel. I believe price will push up towards the 1.33277 level, which indicates it will liquidate the shorts at 1.33.
This also gives me a stronger bias that this trade will be profitable; the DXY looks bearish as well..
The orange circle is my take profit.
Remember when placing a trade to be only risking a maximum of 1%.
This will help every trader in the long term.
I will keep you updated on this trade.
Take care.
This also gives me a stronger bias that this trade will be profitable; the DXY looks bearish as well..
The orange circle is my take profit.
Remember when placing a trade to be only risking a maximum of 1%.
This will help every trader in the long term.
I will keep you updated on this trade.
Take care.