GFA is forming a possible fallen angel formation. It had a huge decline & now seems getting some upward momentum. We think it has good upside potential if it can break above $7.07
* Trade Criteria *
Date First Found- June 13, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $7.07
Exit Target Criteria- $9.63
Stop Loss Criteria- $6.33 &...
Range bars and potential buy / sell opportunities coming up soon.
but personally i would wait for a retracement up back into 1.064x region for a sell.
or if it dives lower i would purchase at 1.052x region
stops goes above the channel lines +20 / 30 pips (to prevent stop hunters or long wicks)
We'll see how it plays over next week