Hello traders. This is my current view on GU. I still feel there is strong buying power and I will be looking to buy at that level. I am aware that GU failed to break above the previous high and then started its rejection to the downside. With this position I will not be waiting for any rejection candlesticks before entering. My target will be at the current daily high. Because I will not be waiting for further confirmations, I will have 2 positions of the same lot size and stop loss, 1 of them being a 1:1 so that when its take profit is hit I become break even. The trade is taken from a 5m demand zone. We will see how it plays out. Danko
Comment:
1:1 trade tp hit. Second trade is at Break even now even though its stops are still in loss. So its a risk free trade. Now lets make sure to trail the sl behind every low that the market forms
Comment:
As soon as we break 1.26552, Im moving stops to break even
Comment:
Stops are at 1.26501
Trade closed manually:
Closed