Monday, 4 January 2016

02012012
GU D1


Looking at the horizontal lines, there are 2 potential stop hunt zones based on daily chart. The moving average is down.

The high volume bar was cleared by the bullish bar on H4. Based on H4, I should be bullish and look for stop hunt support zones for longs.

On H1, the most obvious immediate support is illustrated by the green line.


Possible entries are illustrated by the arrow and a few pips below the green support line.


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