Buy GJ
M: Downtrend, price broke trendline
W: Uptrend, price broke trendline
D: Uptrend. Hit -61.8 twice and broke trendline for the sell
4H: Downtrend. Retraced to 38.2, hit -27 and reversed at strong support level
1H: Uptrend. Price hit previous support/resistance and retraced to 61.8
CURRENTLY:
Minor structure downtrend retraced to 38.2 and hit -27, at 1hr trendline.
I am looking for price to retest minor downtrend line and reverse for the buy to previous support/resistance area.
(~200 pips)
W: Uptrend, price broke trendline
D: Uptrend. Hit -61.8 twice and broke trendline for the sell
4H: Downtrend. Retraced to 38.2, hit -27 and reversed at strong support level
1H: Uptrend. Price hit previous support/resistance and retraced to 61.8
CURRENTLY:
Minor structure downtrend retraced to 38.2 and hit -27, at 1hr trendline.
I am looking for price to retest minor downtrend line and reverse for the buy to previous support/resistance area.
(~200 pips)
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