Clear breaout from the ascending channel that GU has been traveling in for a while now. We have now got a nice break and rates with confluence from the golden Fibonacci zone. I will be entering a short here to target my -27.00 extension. I will set the trade to break even once 0.00 is hit and close Position 1 after -27.00 extension is hit. Im gonna let the other position run to -61.8 at breakeven after TP1 is secured. Lets see what happens. We have 1 loser today so far.
Comment:
Price is retracing deep in the golden zone, Price should fall pretty hard here, Watch
Trade active:
I have set my trade to BE price is rejecting the 0.00 extension. Lets keep watching