GJ Chart pattern has shown a head & shoulder formation, as well as falling into the descending trend going short!
The overall trend is bearish. A massive corrective move happened by the end of last week and now the price is around a crucial key zone. A massive bearish candle has been formed and it looks like the bearish continuation will keep continuing. We have opened SELL positions and set our target at the zone identified on the chart. Have a nice trading week, everyone!
Lately my trader and investor talk about 'safe haven' which is risk off your capital . With fundamental news COVID19 effect, my view on GBP is the potential to BEARISH is very strong but it must retrace to zone first. So ,every BULLISH is only temporary ,I prefer to trade when ever it come to my zone and i will shoot from there and swing it to the floor 1.40
Looking for Gj to retest the next line of the head and shoulder oattern that is forming on GJ then once the low is broken we can start looking for those sells in order to trade it down to the next level of support.
Looking to target TP Areas from Buy Zone - Strong break above TP Area 1, target TP Area 2 (30+ PIPS) Trade at your own risk!
bit of a messy chart i know but this could be a good area to take a short my stop will be the 0.90 on the fib
Hello traders Here quick analysis on GJ. Wave 5 of 5-3-5 formation. Watch for invalidation level.
GJ providing a perfect buy entry with a tidy RR. 4HR order blocked reached in a very bullish market, to continue this bullish market we need to see this imbalance filled and to take out the highs, but to be safe I have TP at volume highs. No one goes broke taking profit!
GJ is currently moving down in a down trend and may be creating a technical Lower High and once we break through the support pull back and retest it as the new level of resistance then I will be comfortable in taking a short trade.
Hello Traders! While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the eye signs. Heart in the box - a place to take profits Eye sign - spot to jump in, or watch Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself...
so far am looking only to long this trade but if the price achieve to break 154,23 than this setup is not available , good luck everyone.