Update:
Looking at possible double top pattern forming on the 4hr chart for GJ price target is right at the previous swing low (also in a support box for me). definitely a possible trade, it's not miles away from current price and RSI looks like it is failing to hold support on that red line.
keep in mind there is still a couple hours left on this 4 hr candle so anything can happen and asia session will impact the price as well. I think we might miss this move through the night but by the time I wake up I could possibly catch a retest on the neckline, so anywhere in this support box to enter short. if we see a strong volume bounce to the upside from my support box then you know to go long. if we see a sharp move down from it then head and shoulders likely to play out, try catch a nice retest and manage the position.
my chart is quite messy but this is the 4hr chart so the support boxes are well spread on smaller timeframes and they are all important levels so any of these levels or in them should be TP targets or a nice place for SL.
I have added a potential position, RR is nice on this tight SL might be too risky though, just showing the potential if this play out many things to get through first hope this idea is good though!
Looking at possible double top pattern forming on the 4hr chart for GJ price target is right at the previous swing low (also in a support box for me). definitely a possible trade, it's not miles away from current price and RSI looks like it is failing to hold support on that red line.
keep in mind there is still a couple hours left on this 4 hr candle so anything can happen and asia session will impact the price as well. I think we might miss this move through the night but by the time I wake up I could possibly catch a retest on the neckline, so anywhere in this support box to enter short. if we see a strong volume bounce to the upside from my support box then you know to go long. if we see a sharp move down from it then head and shoulders likely to play out, try catch a nice retest and manage the position.
my chart is quite messy but this is the 4hr chart so the support boxes are well spread on smaller timeframes and they are all important levels so any of these levels or in them should be TP targets or a nice place for SL.
I have added a potential position, RR is nice on this tight SL might be too risky though, just showing the potential if this play out many things to get through first hope this idea is good though!
