Hey Rich Friends,
GU is looking like it will continue to be bullish for a few hours – days continuing what it was doing last week. Last week, we were able to secure 40 pips off of a short rally but hopefully, we can get even more this week. Here is what I am looking at:
1. Candles have crossed above the 50 EMA on the 4HR and both EMAS on the 1HR. Bullish confirmations were met.
2. MOM is facing up and above 50. Bullish confirmations were met.
3. STOCH is facing up, above 50 and the blue line is above the orange line. Bullish confirmations were met.
I can see a Buy At Market Execution Or Buy Stop At 1.27500 Or Lower
SL: 1.27100 OR LOWER (40 pips)
TP 1: 1.27900 (40 pips) 1:1RR
TP 2: 1.28100 (60 pips) 1:1.5RR
TP 3: 1.28300 (80 pips) 1:2RR
Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Please Adjust Your Tp And Sl To Your Actual Entry!