GNFC- high possibility of Reversal
GNFC
With the last two three candles formation on daily chart (circled yellow) a bullish Harami seen on 15th followed by dragonfly Doji on 16, shows it is bottoming out. Also looking at last rally of Feb, price has retraced to level 50% fab level. This shows possibility of Reversal of prices. Initial target of 310 followed by 330.
Not for any trade advice, Just observation of price action
With the last two three candles formation on daily chart (circled yellow) a bullish Harami seen on 15th followed by dragonfly Doji on 16, shows it is bottoming out. Also looking at last rally of Feb, price has retraced to level 50% fab level. This shows possibility of Reversal of prices. Initial target of 310 followed by 330.
Not for any trade advice, Just observation of price action
Transaction en cours
Resistance at around 305Transaction en cours
T1-330Trailing stoploss 307
Trade fermée: ordre d’arrêt atteint
Hit the trailing stop lossNote
Realized 5.8% gain, unrealized was 9.3....Trade fermée: ordre d’arrêt atteint
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