The price keeps going up and bouncing upper and lower trend line. Slight move up expected, might break nearest support level before London closes.
Setup for "set and forget" trade. Otherwise if you have time - monitor an entry point after EU markets open more closely.
Setup for "set and forget" trade. Otherwise if you have time - monitor an entry point after EU markets open more closely.
Trade closed manually:
Target reached, now GU rebounded at strong resistance level of ~1.29 once again. Expect it to rebound and hit lower trend line for a good place to buy. If GU breaks 1.29 => we will see how it goes if bears don't push the price back. No sure shot long yet. Shorting here is risky.