Update on the Long position taken on GJ.
Trade entered on the retest of the break of pattern, which was nicely where the POC of the range is at. Held trade longer than expected initially as price was able to close very bullish outside of the high value area. TP 1 secured at the top of the major downward trendline, stops moved to breakeven after. Lets see where this drives to.
Charting includes - Volume profile , Supply and Demand , Classic patterns.
Do check the linked idea for the previously posted idea a couple days back. We were anticipating to react to price testing the POC from below for a good short. But once price was able to break through the POC + paired with the retail pattern breaking, we were hunting for longs.
Like the post to stay updated. Comment/ DM me if you have any questions.
As always, stay safe.
Trade entered on the retest of the break of pattern, which was nicely where the POC of the range is at. Held trade longer than expected initially as price was able to close very bullish outside of the high value area. TP 1 secured at the top of the major downward trendline, stops moved to breakeven after. Lets see where this drives to.
Charting includes - Volume profile , Supply and Demand , Classic patterns.
Do check the linked idea for the previously posted idea a couple days back. We were anticipating to react to price testing the POC from below for a good short. But once price was able to break through the POC + paired with the retail pattern breaking, we were hunting for longs.
Like the post to stay updated. Comment/ DM me if you have any questions.
As always, stay safe.
