Welcome back to another GJ analysis! I hope everyone has been profitable since the last few weeks have been very bullish!
GJ created a CHOCH pattern Monday (1HR), and has shown sellers were being stopped multiple times. However, GJ was able to push down to the last low then come back up to use the SSL line as resistance. From there, GJ created more bearish signals for more indication to sell. I am thinking if 1 HR OB becomes a breaker OB that area can also be used to scale in for an entry. Good Luck!!
Entry: 187.600
SL: 188.000
TP 1: 186.800
TP 2: 186.000
*DISCLAIMER: I am not a financial adviser. 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.*
GJ created a CHOCH pattern Monday (1HR), and has shown sellers were being stopped multiple times. However, GJ was able to push down to the last low then come back up to use the SSL line as resistance. From there, GJ created more bearish signals for more indication to sell. I am thinking if 1 HR OB becomes a breaker OB that area can also be used to scale in for an entry. Good Luck!!
Entry: 187.600
SL: 188.000
TP 1: 186.800
TP 2: 186.000
*DISCLAIMER: I am not a financial adviser. 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:
Now that GJ has a BOS, and Breaker OB... we may have another entry opportunity so watch for retest area around 187.100.
Comment:
Short still looking good! Partial profits taken at 186.800 from 1st Entry.
2nd Entry: 187.100
TP 1: 186.500
TP 2: 186.000
SL: 187.600
2nd Entry: 187.100
TP 1: 186.500
TP 2: 186.000
SL: 187.600
Comment:
We've come to our next OB area. Watch how price reacts around 186.500. Clean trade so far!
Comment:
Almost hit SL!! Still have a small trade in profit.
1HR made a CHOCH patter to the upside.
1HR made a CHOCH patter to the upside.
Comment:
Trade is DONE! I hope everyone made some $$ on the sell. See y'all for another analysis!