GU was text book today. Unlike EU, following a liquidity sweep there was a strong upmove. GU shows more strength against dollar and high probability to continue the uptrend. I plan to enter Longs on retractment at the marked levels. With this R:R and appropriate lot size, I believe this can be a good set up. I am prepared if it doesn't play out, after all this is a game of probability.
Reminder to self
Risk 1% of capital per trade.
Remember Capital preservation is the real game.
Any profit is good profit.
Price action is King
Smart money is the best money
Charts don't lie :)
This is not a financial advise. I am a baby trader trying to use Publish idea to journal my analysis. I am making it public to get some valuable feedback if ever.
Reminder to self
Risk 1% of capital per trade.
Remember Capital preservation is the real game.
Any profit is good profit.
Price action is King
Smart money is the best money
Charts don't lie :)
This is not a financial advise. I am a baby trader trying to use Publish idea to journal my analysis. I am making it public to get some valuable feedback if ever.
Trade closed: stop reached