This is my trade journal and not a trade advice
I have longed GJ
Price broken Monthly downtrend (Red) and now it seems a retest.
Price hit Daily channel up trend line(blue)
Area seems to be strong support zone (dotted line)
TP : 149.200
R/R = 1/2.78
This is my Trade journal , not a trade advice for anyone . Please consider your own method for analysis.
I have shorted Gold at 1297
Trend changed from monthly Trend line (Red) now it is down trend.
Daily up trend broken (blue).
Price hit down trend 4H (Pink)
showing two rejection candles.
Price is at strong resistance zone (Dotted horizontal Lines)