I was late to the show but not late for the main event. We have quite an interesting setup on GJ from the occurrence of an ascending trend line breakout followed by a retest and now we might be in a bearish continuation.
Currently we have now touched a support region of 135.750, in order to consider a short trade is for a daily candle closure below 135.655. If this ideal situation manifests I do expect the pair to continue falling to my downside target at 133.750 or for the brave - 133.000 (which is about +170 pips).
Currently we have now touched a support region of 135.750, in order to consider a short trade is for a daily candle closure below 135.655. If this ideal situation manifests I do expect the pair to continue falling to my downside target at 133.750 or for the brave - 133.000 (which is about +170 pips).