Looking to go long on GU based off wykoff accumulation. Price has created double tops on the 1M TF and there is also an OB on the 1M TF where we plan to enter. We plan to catch 50 pips while risking 9 and per usual we plan to take PARTIALS at 15 pips. Looking to be a PENGUINED TRADE INSHAALLAH.
Comment:
It touched our area of interest but we wanted to see it retrace at our 618 level which it did not. Therefore did not enter and missed out on 40 pips, where we would have taken partials at 15 and moved our SL to BE.