Looking at the 4hour timeframe we can see that GU is current at a strong demand zone/support zone. With this I will be looking to take a long position and ride this wave up to where we have a previous strong resistance/rejection zone around 1.214. Will update on how this trade goes.
Please share your opinions on this trade and let me know if you disagree or agree.
Please share your opinions on this trade and let me know if you disagree or agree.
Trade active:
As predicated price bounced off a strong demand zone and headed to target price. We are now 100+ pips into this trade and at breakeven as the market is about to close soon, we look forward for more to the upside in the coming week. This trade is set to hit Tp at 1.214 which is 200+ pips.
