Past 3 weeks no new lower low. Price ranging around 1.85-2.00 level. Reward Risk ratio is very high for this trade. Wait for the breaking to downtrend.
Buy Stop : 2.11 ( downtrend break )
Stop Loss : 1.79
Take Profit 1: 2.29
Take Profit 2: 2.99
Take Profit 3: 3.79
Grin printed Bullish Engulfing Candle at Daily chart. Needs to break previous Lower High which is at 3.45$ level. Wait to print big green candle with volume for conformation.
Entry Long : 3.46 $
Stop Loss : 2.49 $
Take Profit 1: 4.33 $
Take Profit 2: 5.33 $
This is not an investment advice. Investment is your own choice.
Currently Gann is looking like it will shoot for the low spot up ahead (Safety Net). If it can build up enough volume and momentum it would have an opportunity to rise above the hill / rise in the the Safety Net to follow.