GJ is currently forming a nearly identical structure.
It's currently trading inside of a wedge and just made a new high before crashing down again. We could see it re-test the previous low and even break towards a lower one.
Trade with care as it can break towards the upside again.
Entry = 157.90
SL = 158.35
T1 = 156.00
T2 = 155.50
It's currently trading inside of a wedge and just made a new high before crashing down again. We could see it re-test the previous low and even break towards a lower one.
Trade with care as it can break towards the upside again.
Entry = 157.90
SL = 158.35
T1 = 156.00
T2 = 155.50
Note
Sold off small part of my position at 90+ pips profit. Still in this trade, SL, wasn't hit.
Note
SL hit for rest of position, still in profit overall.
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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.