Tue
3/28/23
Bias: Shorting GU at the previous month's high
3M= Sideways
M= Downtrend
W= Sideways but in LTFs has already broken structure to the downside
D= Uptrend (on its way to the next potential swing points daily & weekly
Looking to enter at the 2400 level
This area is the prev month's high confluence with supply areas at the D and H4 TFs.
3 potential moves
1. Liquidity Grab at the last weekly higher high before coming down to either 38.2/ all the way to 127 ext
2. Liquidity at the 2400 areas where we have multiple confluence before coming down to either 38.2/ all the way to 127 ext
3. Punches thru to 27 ext
I am more for 1 & 2
3/28/23
Bias: Shorting GU at the previous month's high
3M= Sideways
M= Downtrend
W= Sideways but in LTFs has already broken structure to the downside
D= Uptrend (on its way to the next potential swing points daily & weekly
Looking to enter at the 2400 level
This area is the prev month's high confluence with supply areas at the D and H4 TFs.
3 potential moves
1. Liquidity Grab at the last weekly higher high before coming down to either 38.2/ all the way to 127 ext
2. Liquidity at the 2400 areas where we have multiple confluence before coming down to either 38.2/ all the way to 127 ext
3. Punches thru to 27 ext
I am more for 1 & 2
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