GU BEARISH
Updated
It looks like GU will consider to sell.
1. Break of structure on the downside with a strong red candle
2. Candles are below both EMAs.
3. MOM is facing down and below 0.
4. STOCH is facing down, below 50 and the orange line is above the blue line.
I did market execution but also set a Sell Stop at 1.26750.
SL: 1.27150 (-40 PIPS)
TP 1: 1.26350 (+40 PIPS)
TP 2: 1.26150 (+60 PIPS)
TP 3: 1.25950 (+80 PIPS)
Please trade responsibly.
1. Break of structure on the downside with a strong red candle
2. Candles are below both EMAs.
3. MOM is facing down and below 0.
4. STOCH is facing down, below 50 and the orange line is above the blue line.
I did market execution but also set a Sell Stop at 1.26750.
SL: 1.27150 (-40 PIPS)
TP 1: 1.26350 (+40 PIPS)
TP 2: 1.26150 (+60 PIPS)
TP 3: 1.25950 (+80 PIPS)
Please trade responsibly.
Trade closed: stop reached
Note
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