GU is currently retesting its mid range and deviating it.
Started shorting around 1.25287.
Blue box indicates the unfilled void gap between 1.25660 - 1.25890 which may be still be a target before lower price.
Trade plan is bearish regardless of any push up for the time being. A clean reclaim of 1.26280 and we will re-assess.
Entry at market (aggressive) I Entry after deviation 1.25500.
TP 1.24000
TP 1.22600
TP 1.21115
TP 1.19050
SL hard stops above 1.26860 (current higher highs and deviation which lead to the current downtrend.
You can refer to the DXY plan for further confluence and to time your entries for this trade idea.
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
Started shorting around 1.25287.
Blue box indicates the unfilled void gap between 1.25660 - 1.25890 which may be still be a target before lower price.
Trade plan is bearish regardless of any push up for the time being. A clean reclaim of 1.26280 and we will re-assess.
Entry at market (aggressive) I Entry after deviation 1.25500.
TP 1.24000
TP 1.22600
TP 1.21115
TP 1.19050
SL hard stops above 1.26860 (current higher highs and deviation which lead to the current downtrend.
You can refer to the DXY plan for further confluence and to time your entries for this trade idea.
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
