Quick GU Long

23 sept.

GU has broken HTF structure to the upside and has not indicated a reversal any time soon. 4H and M15 have shown strong upside waves. Some recent lows were swept below before price pushed up again, leaving a Fair Value Gap which shows how strong the move was. The manipulation of the lows and the imbalance created by the subsequent move up suggests a push higher when price revisits that area as large money players will want to protect their positions in the market.