GU is Bearish on HTF
Let's dive a little bit deeper on GU. GU has mitigated the HTF IMB but seems to be gunning for our HTF POI, by using previous internal HH(wick rejection) as IDM. Just as drawn on the charts, this will also be in line with our expectation with DXY review analysis and EU. most likely most XXXUSD pairs might see a drop during NY session due to fundamentals ahead.
Our Sunday analysis was invalidated as we had first expected a drop after seeing MTF-LTF>CH after tapping into IMB on extreme zone which was reduced to >75%. Based on entry criteria it was a valid setup. With better plans the market pushed higher which to me seems like a more better opportunities.
Be mindful and use proper risk management, It is better to take small but rewarding risk than to take big but not rewarding risk.
Let's dive a little bit deeper on GU. GU has mitigated the HTF IMB but seems to be gunning for our HTF POI, by using previous internal HH(wick rejection) as IDM. Just as drawn on the charts, this will also be in line with our expectation with DXY review analysis and EU. most likely most XXXUSD pairs might see a drop during NY session due to fundamentals ahead.
Our Sunday analysis was invalidated as we had first expected a drop after seeing MTF-LTF>CH after tapping into IMB on extreme zone which was reduced to >75%. Based on entry criteria it was a valid setup. With better plans the market pushed higher which to me seems like a more better opportunities.
Be mindful and use proper risk management, It is better to take small but rewarding risk than to take big but not rewarding risk.