Short on GU based on support and resitance levels on 4H and D TF
Price is on a down trend on the daily time frame. Drawed support and resitance on the daily (purple) and 4 H (yellow) timeframe. Price is touching the daily resistance zone. Waiting for a rejection towards the downside. Also noticed a bearish divergence for confirmation.
Note
Nice rejcetion on the daily resitance. I expect the price to go down even further. For a safe trade, move sl to breakeven or a bit under breakeven for small profit.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.