This is with no LTF confirmation, this is utter speculation in advance. Price has been Bearish for quite a while now.
Though fundamental factors point heavily into the continuation of a Bearish market for GU
- COT data
- Retail sentiment
- Seasonality
- GDP Inflation
- Labour Market / unemployment
- Interest Rates
I would trade from the beginning of VP value areas when a trend is started but since this price leg was so aggressive I expect a deeper pullback / retracement. That's why I trade from this specific POC.
I see the VP in a way that can define borders to areas so I can use that for my SL and TP. Lets see what happens with no LTF confirmation
Though fundamental factors point heavily into the continuation of a Bearish market for GU
- COT data
- Retail sentiment
- Seasonality
- GDP Inflation
- Labour Market / unemployment
- Interest Rates
I would trade from the beginning of VP value areas when a trend is started but since this price leg was so aggressive I expect a deeper pullback / retracement. That's why I trade from this specific POC.
I see the VP in a way that can define borders to areas so I can use that for my SL and TP. Lets see what happens with no LTF confirmation