GJ has formed a head and shoulders on the daily chart. We have been moving in a range for this week and formed a flag pattern on the smaller time frames. The current candle is above the 50ema, which should act as a resistance. If the daily candle closes bearish today, under the 50ema, we should see a continuation of the head and shoulders for a sell.
Check charts for TP and possible reversals
Check charts for TP and possible reversals
Comment:
After yesterdays 100pip scalp on GJ I was out the market. The daily closed bullish and above the 50ema, so we need to trade with caution, especially with the major news release later today. Chances we could go up, lets wait for confirms on smaller time frames