GU Bullish Trade Idea

22 juil. 2021

Based on daily timeframe structure, we are in an overall bearish market. Right now price is in a distribution schematic. I expect a move to liquidate orders and stop losses above the last daily swing high before continuing down. Here on the hour I expect another small push up to entice buyers in the market before falling to either untouched order block from the swing move up. After the big drop price would ideally climb to a new high to form the daily UTAD before distributing and crashing down to continue the overall daily downtrend.