GU Rejected a key swing point in macro.
Yesterday we saw GU rejecting fib level 70.5% at 1.35886.
Price cleared the high created on tuesday.
Using power 3 formation, i am expecting a bearish week, therefore high of the week formed on wednesday.
My entry has been defined yesterdays high and low today's asian session, OTE at 70.5%, also there is a bearish orderblock, also there is key level 1.35750.
Using power 3 formation on a daily TF, London session has created high of the day.
I am looking to target the lows of monday.
Yesterday we saw GU rejecting fib level 70.5% at 1.35886.
Price cleared the high created on tuesday.
Using power 3 formation, i am expecting a bearish week, therefore high of the week formed on wednesday.
My entry has been defined yesterdays high and low today's asian session, OTE at 70.5%, also there is a bearish orderblock, also there is key level 1.35750.
Using power 3 formation on a daily TF, London session has created high of the day.
I am looking to target the lows of monday.
Trade closed: target reached:
1st target reached of 40pips. trade closed