I have taken 2 trades this morning. One on GU and the other on GJ similar setups and the same outcome.
If you're new to trading you will soon learn that some pairs follow very similar patterns. For example when GU is bullish GJ 90% of the time will also be bullish. It's not very often we see one going the opposite way to the other. SOMETIMES it does but majority of the time they both follow.
GU setup was based on 1hr time frame and 15m TF. 1HR we were bearish for some time, yesterday we found an imbalance and a bullish candle which broke previous higher highs and higher lows which suggested there was a change of trend. Lookingat the pair this morning we could see it was following nicely in this upward channel and we have profited quite nicely. I have a small reminder of the 1.11709 level which i may close the trade out as it is the more recent significant high so we may see some rejection but overall currently running a nice 3.20% in profit.
Any questions about trading drop a comment below i will reply!
If you're new to trading you will soon learn that some pairs follow very similar patterns. For example when GU is bullish GJ 90% of the time will also be bullish. It's not very often we see one going the opposite way to the other. SOMETIMES it does but majority of the time they both follow.
GU setup was based on 1hr time frame and 15m TF. 1HR we were bearish for some time, yesterday we found an imbalance and a bullish candle which broke previous higher highs and higher lows which suggested there was a change of trend. Lookingat the pair this morning we could see it was following nicely in this upward channel and we have profited quite nicely. I have a small reminder of the 1.11709 level which i may close the trade out as it is the more recent significant high so we may see some rejection but overall currently running a nice 3.20% in profit.
Any questions about trading drop a comment below i will reply!