So, looking at GJ we can see on daily and 4h that price has come to a previous consolidation area, it is also almost at a round number 145.00
On weekly / daily fib we see the 70-77 area to be touched, and on a larger time frame price is channeling in a bearish trend.
I don't expect price to touch the trend line, it could because there is little resistance between price and channel.
So for now this would be my setup:
Pending sell limit
Entry @145.388
TP 1 @ 141.5
TP 2 @ 139.5
SL @ 146.169
trade with your skill not your mind.
happy trading y'all
On weekly / daily fib we see the 70-77 area to be touched, and on a larger time frame price is channeling in a bearish trend.
I don't expect price to touch the trend line, it could because there is little resistance between price and channel.
So for now this would be my setup:
Pending sell limit
Entry @145.388
TP 1 @ 141.5
TP 2 @ 139.5
SL @ 146.169
trade with your skill not your mind.
happy trading y'all
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.
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.