Though I am a long term USD bear, this opportunity looks great for a nice dip to take advantage of.
Looking to short GU on the pullback and rejection of this 4 hour trend line around 1.415
Entry 1.415
Stop Loss: 2 4 hour candle closes above 1.4225
Target 1: 1.405
Target 2: 1.3945
Looking to short GU on the pullback and rejection of this 4 hour trend line around 1.415
Entry 1.415
Stop Loss: 2 4 hour candle closes above 1.4225
Target 1: 1.405
Target 2: 1.3945
Trade active:
Two 4 hour candle rejection candles were observed on the retest of the trendline. Trade is active and filled based on above parameters.
Trade closed manually:
After failing to break the .382 pullback a stop loss at break even was triggered.
On to the next.
On to the next.