Looking for EU to retest the 1.04907(can go about 5-6 pips higher) area and show resistance at the previous support area. Once proven, I'll take a short position. Stay tuned for the results.
As we all know, the market will do 1 of 2 things; buy or sell. My bias is a short, however, the market will need to pullback to the previous broken zone and show rejection, only then will I enter into a short position. If the market pulls back and breaks above the previous broken zone, I will enter a long position upon the market showing and holding a strong...
Looking to short GJ on a retest and rejection between 156.159-156.355. However, if GJ breaks and closes above those zone on a 4h tf, I will be looking to go long. 3-17 rrr. Stay tune for update.
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Per my video analysis, the bears have fully stepped in, therefore the sells should be a lot smoother.
Happy trading!
I'd love to hear your thoughts. Feel free to like and/or comment.
This month, we should see buyers step in and reclaim the daily pivotal level, signaling and end of the bearish phase. Stay tuned for further updates.
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Per my last post, GJ has broken and closed above the 4H Pivot level and has now formed support. I was able to catch a position this morning and will be taking it to the Daily Pivot level (1-3 RRR).
I believe GJ will manage to break and close above the Daily Pivot level, in which case I will look for Support at that level for my next long swing entry.
Stay tune...
GJ's Pivot levels has changed with the new weekly opening. It is currently below the Daily and 4H pivot level, which indicates that the bears are in. If there is a re-test and rejection of the 4H Pivot level, I will be taking a short position to the S1 (support) level.
On the other hand, if GJ manages to break above the 4H pivot level, I will be taking a long...
As you can see from the title, GJ is in a very crucial area. GJ has rejected the D/Pivot level, retested has fallen down to the 4H/Pivot level. If buyers step in here, we can see them re-test and potentially break through the D/Pivot level, marking the end of the corrective wave and the start of an implusive wave out.
On the other hand, if buyers fail to step in...
GJ has failed to reclaim Daily Pivot level and is showing signs of reversal on 1H TF. I will be looking for retest and reject of red zone to take short position (1-2 RRR). RSI is also in a crucial overbought area.
On the other hand, if GJ can reclaim Daily Pivot Level, I will be looking for support to form in that zone to take long position.
