Overall:
GJ has reached the $144-145 price level
It hasnt been at this level since Feburary 2020
Last time we reached this level price rejected and fell to create an all time low
From the 1H perspective we can see there is a liquidity void that could be filled & that is the move I'll be looking for.
Buyers are finding resistance at this zone & price is now consolidating.
These are the things we are looking for before entering.
1) If price drops to or below 144.500 that will be our entry. Price bounced off this area while consolidating. If we can get a drop below then we will look for price to go back toward the demand zone
2) Break & Retest below the zone
3) The Downside movement will be confirmed once it breaks below 144.000
Signal:
Sell limit:
Entry Price: 144.400
Tp1: 144
TP2: 144.600
TP3: ~143
As always use correct risk management for all trades you take
Please give this post a like and comment as you see fit
I will be posting analysis on a daily basis again & I will be doing live analysis as well
GJ has reached the $144-145 price level
It hasnt been at this level since Feburary 2020
Last time we reached this level price rejected and fell to create an all time low
From the 1H perspective we can see there is a liquidity void that could be filled & that is the move I'll be looking for.
Buyers are finding resistance at this zone & price is now consolidating.
These are the things we are looking for before entering.
1) If price drops to or below 144.500 that will be our entry. Price bounced off this area while consolidating. If we can get a drop below then we will look for price to go back toward the demand zone
2) Break & Retest below the zone
3) The Downside movement will be confirmed once it breaks below 144.000
Signal:
Sell limit:
Entry Price: 144.400
Tp1: 144
TP2: 144.600
TP3: ~143
As always use correct risk management for all trades you take
Please give this post a like and comment as you see fit
I will be posting analysis on a daily basis again & I will be doing live analysis as well