Today I have a simplified analysis of the GJ chart for you. Look out for this to develop to entry either next week or the following.
It's hard to make complex things look simple, but It's important you can understand the chart in simple terms.
Ideally, look for rejection from marked structures before entering.
I have deliberately offered two options for this trade.
A tight stop loss increases your opportunity for a successful trade and allows you to have a higher lot size, but it comes with risks. Any news, broker, or market spikes at the wrong time will see your stop loss hit before the market follows the exact trend you expected - we have all been there!
The safer option offers a much more comfortable region of support in case of unexpected drawdowns.
Remember that smaller profits are still profits - and always better than a loss.
Let's keep an eye on this!
I hope you have all succeeded with the trades this week - my analysis has provided over 500 pips of profit so far!
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