Everybody who is looking to buy GU -- breakout traders, support&resistance traders etc will be delivered by stop-loss activation on both sides as we see price re-distribute at the indicated level towards bottom trendlines and support levels. LTF reversal mandatory to confirm the move.
Comment:
Possibly missed the entry by a fraction. Look for another confirmation.
Comment:
Got tapped in
Trade closed: stop reached:
Sorry, we lost this one. On hindsight, a further analysis of Volume would have confirmed lack of intention to continue lower and it was a move to trap sellers (such as ourselves)