Upon backtesting this week's movement, UJ may seem bullish after all. Secure partial on the sell, let the rest run to breakeven and wait for pullback then enter the buy (too much liquidity on the upside).
GU under consolidation which is normal during Asian Session. It is likely going to take out EQL going down the two marked zones and up the Supply zone. Other scenario is, GU just respected the Bearish QML and is below the OTE zone. It may go down bearish up to the Demand Zone.
Nonetheless, I'm expecting it to make a pullback at least up to the purple and blue zone.
Under the H1 time frame you can clearly see GU is under consolidation. When fib, it respects the downside of the 50 but may push a little up to get more volume ( possible OB). It may then go down to close some of its buy positions.
Trade was taken on a 72$ account with a 30% risk. RR is 1:3.
GU might neutralize first the 1st and 2nd stop hunt before going up or it might only neutralize the first one. Watch for price action before entering the trade.
