GJ has been rejected twice by a supply zone and is pushed to the downside.
Moreover, a reversal double top pattern has been created.
On the other hand, price has approached to the support level at 154.00 which is a barrier for it and also the neckline.
If price breaks 154.100 to the downside and closes a bearish confirmation candle below this level in lower time frames (m15 and m5), we can’t expect a drop around 153.770
Moreover, a reversal double top pattern has been created.
On the other hand, price has approached to the support level at 154.00 which is a barrier for it and also the neckline.
If price breaks 154.100 to the downside and closes a bearish confirmation candle below this level in lower time frames (m15 and m5), we can’t expect a drop around 153.770
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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.