[Toni Nath]

https://www.tradingview.com/x/BppAsC1k/

GU has been consolidating it’s bullish move. It looks like it has come to the end of it’s stretch.

Be looking to sell at 2400 area with TP at 2200 & 2100 area.

Over the past few days, the 2400 area has been a supply zone (resistance). And it tallies with previous touch points in 2022.

Setup – enter a sell at 2400 area (up to 2440). SL would be slight above 2450.

TP would be a RR of 1:5 – 100 pips in the first instance.

If it breaks below 2300, sell half of lot size and continue the ride down.

Trade is valid till 2450 is broken and is sustained.

Certainty level – 7 – high reward, low risk trade.

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