GJ Setting Up for Us Again
Good Evening, Traders!
Last week GJ tapped the 190 area, and retraced nicely to the 4HR OB, and seems to be continuing with bullish momentum. With the Yen being weak right now, and no close below the last low on 4HR TF, I don't see anything but buys for GJ.
Moving down to a lower TF (1HR) I see GJ is creating another inverted head and shoulder indicating it could be getting ready to break 190.000.
I did a more aggressive entry at 188.500, but if you're late to the party, it may be a good idea to wait for the confirmed pattern with a break and retest at 189.200. If the pattern does play, I will be entering another position around there.
With that being said, here are my entries and TPs moving forward into next week.
Entry 1: 188.500
TP 1: 190.000
TP 2: 190.500
SL: 187.500
Entry 2: 189.200
TP 2: 190.500
SL: TBD (Depends on where the protected low will be)
*GJ likes to react to these areas*
.000
.200
.500
Good Luck!!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Last week GJ tapped the 190 area, and retraced nicely to the 4HR OB, and seems to be continuing with bullish momentum. With the Yen being weak right now, and no close below the last low on 4HR TF, I don't see anything but buys for GJ.
Moving down to a lower TF (1HR) I see GJ is creating another inverted head and shoulder indicating it could be getting ready to break 190.000.
I did a more aggressive entry at 188.500, but if you're late to the party, it may be a good idea to wait for the confirmed pattern with a break and retest at 189.200. If the pattern does play, I will be entering another position around there.
With that being said, here are my entries and TPs moving forward into next week.
Entry 1: 188.500
TP 1: 190.000
TP 2: 190.500
SL: 187.500
Entry 2: 189.200
TP 2: 190.500
SL: TBD (Depends on where the protected low will be)
*GJ likes to react to these areas*
.000
.200
.500
Good Luck!!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Comment:
TP 1 ✅
Comment:
TP 2 ✅