This market is a long position GU has created a daily higher high so we are waiting for a break of structure on the 1 hr retracement on the 4hr and buy around the low. 15 pip stop loss and a 100+ pips tp RR is 1:14
Only thing im personally waiting for is a break of structure on the 15m or a smaller time frame but we do have a IC candle on the daily time frame and it did break structure on the bigger time frames last week but currently have to watch price action if liquidity above goes first then setup can be invalid.