Monthly: Current march candle is bearish, but might look to see more bullish movement next month to test 172.5 area as monthly resistance turned support is retested >> also candles did not break its previous low.
Weekly: seems like GJ is actually still retesting this range between monthly/weekly support at 156-167. Previous 2 candles is bearish but the weekly candle closed weak bearish. Might see some sort of support forming before we take the trade to retest the highs of 164.2
Daily: Many rejection wicks here, would expect downward movement for a possible wickfill for the first few days of the week - followed by a creation of support where we can find a buy to target the highs of 162, then 164 ish and above.
What do you guys think? Feel free to comment down below on your thoughts, of course, we should only take setups that play out and not blindly enter due to our bias :)
Weekly: seems like GJ is actually still retesting this range between monthly/weekly support at 156-167. Previous 2 candles is bearish but the weekly candle closed weak bearish. Might see some sort of support forming before we take the trade to retest the highs of 164.2
Daily: Many rejection wicks here, would expect downward movement for a possible wickfill for the first few days of the week - followed by a creation of support where we can find a buy to target the highs of 162, then 164 ish and above.
What do you guys think? Feel free to comment down below on your thoughts, of course, we should only take setups that play out and not blindly enter due to our bias :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.