As we see GU has been on a down trend recently and currently almost at all time lows, so overall I am bullish but I do see a possible area where we may be able to catch a move down, I have a POI on the 15 marked up where we could see market come up to re-distribute off of before they make the big move down to fill all this imbalance we have below, as well as liquidity. We will see, its a very low risk trade, but we will see the confirmations we get when market comes to our POI.
Comment:
We see GU has not came to the area I was looking at last night but it did give plenty of opportunity off of other points of interest, it ended up re-distrubuting multiple times around 2-3 but personally I was sleeping. But going foward I see on the daily we really just been consolidating in this area up and down, and this could just be the manipulation they want for orders to stack up and for the instiutions to come in and sweep the orders coming in the next few days, We could see a possible buy to sell if it were to happen where I marked up 2 POIs that match my trading plan and confirmations listed. But we will see what happens when markets come to our POIs and update later.
Comment:
We see that GU never came to the area we were looking for sells but it did have a nice rejection off the POI we were looking for on the buy side, personally wasn't on the charts at the time, so i missed the original entry, but we got more evidence now so, here I see markets accumulating before it then goes to the up side to possibly give us another opportunity on a sell so we will see if markets come to the entry point in our trading time.