So, looking at GJ we can see on daily and 4h that price has come to a previous consolidation area, it is also almost at a round number 145.00
On weekly / daily fib we see the 70-77 area to be touched, and on a larger time frame price is channeling in a bearish trend.
I don't expect price to touch the trend line, it could because there is little resistance between price and channel.
So for now this would be my setup:
Pending sell limit
Entry @145.388
TP 1 @ 141.5
TP 2 @ 139.5
SL @ 146.169
trade with your skill not your mind.
happy trading y'all
On weekly / daily fib we see the 70-77 area to be touched, and on a larger time frame price is channeling in a bearish trend.
I don't expect price to touch the trend line, it could because there is little resistance between price and channel.
So for now this would be my setup:
Pending sell limit
Entry @145.388
TP 1 @ 141.5
TP 2 @ 139.5
SL @ 146.169
trade with your skill not your mind.
happy trading y'all
