Hello, I see GJ dropping to around the 133.823 area before a continued bullish rally. Why do i see this?
The reason i see us dropping before another rally is because as you can see sellers are beginning to gain strength in this consolidation zone, We are also sitting at a resistance area we have been seeing a lot of indecision candles recently which is why i see a potential drop happening VERY soon... Keep an eye out for that i believe we will fill the wicks at the 133.823 area before a rally and break through the current zone we are sitting at. I then see us heading up to the 137.000 area to the 0.618 fib level * That will also be a zone we fill wicks at *
Please let me know your thoughts on this! Thanks
The reason i see us dropping before another rally is because as you can see sellers are beginning to gain strength in this consolidation zone, We are also sitting at a resistance area we have been seeing a lot of indecision candles recently which is why i see a potential drop happening VERY soon... Keep an eye out for that i believe we will fill the wicks at the 133.823 area before a rally and break through the current zone we are sitting at. I then see us heading up to the 137.000 area to the 0.618 fib level * That will also be a zone we fill wicks at *
Please let me know your thoughts on this! Thanks