GJ Possible movement for next week opening
Looking to short GJ next week, although a break of this 184.100 zone could push GJ to longs targeting 188.60 area (8/1/24)
Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00
Using a new indicator by @nephew_sam_ so looking forward to 2024 using this.
Upon technical analysis, I can see the finish of 2023 bought the Pound to close around 179.54. From here we have seen the slight push to the now current 183.952 area. This has been a nice steady push for GJ, which makes me think this continuation could continue.
Having said this, there hasn't been a major consolidation of price or even a pullback. From this i'd expect a slight pullback tonight (Sunday) or even through (London) Tomorrow or in due course.
My guesses are that price will continue for the short while, but a pullback is expected, and this is what I'm targeting. Day traders this could be a good opportunity, Swing traders I would probably focus on the longer targets of buying.
First documented trade of 2024 so lets see how this runs.
Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00
Using a new indicator by @nephew_sam_ so looking forward to 2024 using this.
Upon technical analysis, I can see the finish of 2023 bought the Pound to close around 179.54. From here we have seen the slight push to the now current 183.952 area. This has been a nice steady push for GJ, which makes me think this continuation could continue.
Having said this, there hasn't been a major consolidation of price or even a pullback. From this i'd expect a slight pullback tonight (Sunday) or even through (London) Tomorrow or in due course.
My guesses are that price will continue for the short while, but a pullback is expected, and this is what I'm targeting. Day traders this could be a good opportunity, Swing traders I would probably focus on the longer targets of buying.
First documented trade of 2024 so lets see how this runs.
Comment:
Order triggered, still holding @16:27pm GMT
Trade closed manually