Looking to short GU from 1.36000
4H timeframe confluences:
- Bearish market structure, as clear LL and LHs are being created.
- Pullback to create a new LH around the 61.8% fib retracement level which falls in line with the support-turned-resistance zone at 1.36000
- 3rd tap of descending trendline
TP: 1.34250
4H timeframe confluences:
- Bearish market structure, as clear LL and LHs are being created.
- Pullback to create a new LH around the 61.8% fib retracement level which falls in line with the support-turned-resistance zone at 1.36000
- 3rd tap of descending trendline
TP: 1.34250
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.