$GMT$: Bullish 🐂 [Extended Analysis]

What’s up: I am expecting pullback to continue to a previous demand zone, according to the volume profile indicator, implying a further 10% drop from the current price level. This may not play out, but if it does, I anticipate between 75% - 100% payout.

The Medium-Term Play: 1-2 months
4.35-to-1 PL Ratio.
Entry: 0.39890; Target: 0.80200; SL: 0.30618.

Daily Resistance Zones

1. 0.4457 - 0.4560
2. 0.4642 - 0.4865
3. 0.4963 - 0.5205

Daily Support Zones

1. 0.4387- 0.4282
2. 0.4124 - 0.3989
3. 0.3864 - 0.3607

TA Methodologies:

1. Supply & Demand Theories
2. Price Momentum
3. Fibonacci Retracements & Extensions SR Zones
4. Trendline Breakout
5. RSI Movement Strengths