Last week, GU broke a major demand zone and we are going to see this zone get a retest. I've analyzed this move with extra confluences.
My entry level lines up with: The weekly zone, 50% fib, trend line touches,14 EMA on the daily and M30 retest on the lower time frame.
Nothing is ever written in stone while trading, if i'm stopped out, I've marked the next best resistance level to watch out for.
My entry level lines up with: The weekly zone, 50% fib, trend line touches,14 EMA on the daily and M30 retest on the lower time frame.
Nothing is ever written in stone while trading, if i'm stopped out, I've marked the next best resistance level to watch out for.
Trade closed: stop reached:
Got stopped out, i think it's because i called tops and didn't get a proper confirmation.
When H1 rejected the H1 supply zone i thought price would push down or consolidate but i didn't consider the GBP strength at the moment that i was selling.
Note for the next sell attempt:
Wait for a clean rejection before taking a sell. I'll be eyeing 1.3030
When H1 rejected the H1 supply zone i thought price would push down or consolidate but i didn't consider the GBP strength at the moment that i was selling.
Note for the next sell attempt:
Wait for a clean rejection before taking a sell. I'll be eyeing 1.3030