In the 4hour chart We can see how the price in GJ break the box of consolidation and now is using it like support. In case that the price fall we excpected that found support in the bottom of the box. Our first TP is in the 147.000 zone (around 120PIPs.) with a Stop Loss below the box of consolidation and the second TP in the 147.700 zone (around 200 PIPs).
Trade closed: stop reached
The price meltdown falling to the spike zone.. The trade close in Stop Loss and we clean the chart for new entries the next month.
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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.