💎 GMT has certainly piqued our interest. Currently, GMT is navigating within a descending channel pattern. Historically, GMT has shown a strong rebound upon touching the support trendline of this channel. It then surged upwards, only to face a stern rejection at the resistance level.
💎 Presently, GMT is making another attempt to surpass this local resistance....
The desired currency code, as you can see, has done the necessary analysis and is now ready for the 3 targets.
If you want to buy a currency code, now is the time to buy.
The analysis you are looking at is the specific method of the servant and the trading strategy is called the servant.
Market overall formed a downtrend, and on a 1h timeframe we can see a correction upwards, but recently market broke its higher lows sequence, went above the point of structure break, we are waiting for market to fall down to 1.44 zone which is where it broke a structure and we forecast it will continue falling down.
Entry: 1.44 (Or now for better R/R but more...
GMT LONG POSITION
Shark Pattern, Bounce areas are ( Use Fib retrace to measure D = C to b 1.618 to 2.24 of fib retrace)
Find where the imbalance or find some OB at the possible bouncing areas.
If you find something set an OB and wait till it bounce at that Price of Interest of yours.
Always use stop loss
Risk management
Risk only when youre confident
Don't...
Market just finished 1-5 Elliot wave and started an ABC correction downwards, we are forecasting C (Last wave of a correction) should be around 1.43 zone, because going up market formed high volume institutional candle zone and also it is at 61.8 fib zone (reversal zone)
If our forecast is correct we are in M pattern, and after that should see a movement...
