Expecting bearish price action on GU as we are in a bearish market strucutre from a HTF premise, price takes out 2 area of buy side liquidity and then quickly reversed with a strong bearish momentum. Market Sentiment indicator tells us that retailers are LONG on this pair and if we apply the contrarian trading approach to the markets we should look for SHORT opportunites.
What do you think ? Comment below..
What do you think ? Comment below..