GJ - SHORT - 144
First idea, still relatively new as well.
GJ has been trading in a triangle formation waiting to breakout which is imminent at this point. RSI (14) is just below 50 indicating a potential move to the downside. Trend line 1 (hourly) has not been broken and with the bearish sentiment of the market and if this holds I would expect 142.5-144 to be met. Another possibility is for GJ to retrace to the daily trendline (2) and then make a move lower.
There is also a head and shoulders pattern on the hourly in favour of the bears.
GJ has been trading in a triangle formation waiting to breakout which is imminent at this point. RSI (14) is just below 50 indicating a potential move to the downside. Trend line 1 (hourly) has not been broken and with the bearish sentiment of the market and if this holds I would expect 142.5-144 to be met. Another possibility is for GJ to retrace to the daily trendline (2) and then make a move lower.
There is also a head and shoulders pattern on the hourly in favour of the bears.
Transaction en cours
142.5 looks like a real possibility this week, I have set SL ahead of entry so I can let the trade run with some peace in mind.Trade fermée: cible de profit atteinte
GJ TP@144 reached!Looking to enter again and target 142.5 possibly 139
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.