GALA looks like a very simple Impulse, correction, impulse.
We've recently broken out of the year long correction with a nice impulse.
We are now in an ABC correction which appears to be held within a parallel descending channel. We've seen both waves A and B and we are currently in wave C.
See chart update for lower timeframe analysis.
Trade Idea:
- For a safe entry, enter on break of the channel
- For a risk entry, enter on break of lower timeframe trendline
- Stops below the bottom indicated
- Targets: 0.1, 0.2, 0.7, HODL the rest
Goodluck and as always, trade safe!
We've recently broken out of the year long correction with a nice impulse.
We are now in an ABC correction which appears to be held within a parallel descending channel. We've seen both waves A and B and we are currently in wave C.
See chart update for lower timeframe analysis.
Trade Idea:
- For a safe entry, enter on break of the channel
- For a risk entry, enter on break of lower timeframe trendline
- Stops below the bottom indicated
- Targets: 0.1, 0.2, 0.7, HODL the rest
Goodluck and as always, trade safe!
Note
GALA 2D CHART
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.