Potential GU Trade

4 feb 2017

After a 61% retracement, GU retests high for reversal pattern downing to past the 61% retracement level w/ a retest of prior support turning to resistance around the same area. Possible reversal at the 78% or at the 100% confluence level. Off either retracement level: TP 1 = 61.8% / TP 2= 38%/ TP 3= 23.6%. Going past TP1, move SL in profit off a new found support from resistance (technique I know of and use)

NOT A PAIR I TRADE!!!! BE ON THE LOOKOUT!!!!!