Hello Everyone,
Hope you've had a good week so far!
The anlaysis shows my view on GJ over the coming weeks, with increasing heavy bullish pressure reaching weelky highs, l believe this to be a prime oppotrunity to enter a long position and ride to the moon.
The intraday entry point is located at a untested orderblock, if price hits this level we could see the final collection of orders which finally breaks those weelky highs.
Other confluence's includes GJ's client sentiment, split 78% short and 22% long. Above the weelky highs there will be a huge amount of sell orders, which is why i believe there may a liquidity grab before our move down.
With the entry point at the P/OB l will be looking for a reduction in volume approaching that level - alongisde postive rejection.
Always place SL below candle wick low next to OB's, trade safe and share your thoughts below.
Hope you've had a good week so far!
The anlaysis shows my view on GJ over the coming weeks, with increasing heavy bullish pressure reaching weelky highs, l believe this to be a prime oppotrunity to enter a long position and ride to the moon.
The intraday entry point is located at a untested orderblock, if price hits this level we could see the final collection of orders which finally breaks those weelky highs.
Other confluence's includes GJ's client sentiment, split 78% short and 22% long. Above the weelky highs there will be a huge amount of sell orders, which is why i believe there may a liquidity grab before our move down.
With the entry point at the P/OB l will be looking for a reduction in volume approaching that level - alongisde postive rejection.
Always place SL below candle wick low next to OB's, trade safe and share your thoughts below.