That is my positioning on GU. It didn't quite hit the 1.618 extension so I would allow it to break the low to that level. My stop under the quarters hesitation zone. We will either get a flag probably 23-38% for another sell, or, being GU, it could just keep chopping up to 62-78% collecting buys and taking them out. I will TP 1 at 23% andjust let the rest ride and be looking for the next sell.
Comment:
U can take the tiny pips on GU anytime you want. I don't know if it is really worth the risk at this point. It's up to you. I'm still waiting on actual setups to occur.