Greetings Family, here I review my analysis for GJ on a Macro Level.
Price has been in a tight range since 26th March, 2020. And there is an overall Bear Trend. The Push up recently looks to be a corrective move, and there was a heavy price rejection from 9th April, 2020's high.
Also you will notice a false TL breakout to get buyers trapped in the market. So I expect a pullback in price to 133.275 price level and we will see a continuation of the push down from there.Give yourself 50 to 70 pips SL from there, and ride the market down to the bottom zone of the TL around 129.000 Price level as TP. Before market will start getting some traction and reaction, and bulls begin to step in from there.
For more knowledge on how I trade and I use a concept called CTC 2.0 feel free to contact me and I can arrange a one on one mentor-ship program with you. Where I reveal my entry techniques and rules based on my trading concept.
Happy pipping and Stay Safe Family
Price has been in a tight range since 26th March, 2020. And there is an overall Bear Trend. The Push up recently looks to be a corrective move, and there was a heavy price rejection from 9th April, 2020's high.
Also you will notice a false TL breakout to get buyers trapped in the market. So I expect a pullback in price to 133.275 price level and we will see a continuation of the push down from there.Give yourself 50 to 70 pips SL from there, and ride the market down to the bottom zone of the TL around 129.000 Price level as TP. Before market will start getting some traction and reaction, and bulls begin to step in from there.
For more knowledge on how I trade and I use a concept called CTC 2.0 feel free to contact me and I can arrange a one on one mentor-ship program with you. Where I reveal my entry techniques and rules based on my trading concept.
Happy pipping and Stay Safe Family