Let's have a look on GJ. Don't forget to check my previous post about GJ . That one was brilliant!
According to my post about GU today I looking for large pullback so according to correlation on the markets - GJ should also crate a deeper pullback before continuation to the upside...? Have a look on daily timeframe. How many wicks do you see? Is it a signal for you to start short?
Me personally more YES than NO! Golden rule for everybody - just remember the nature of the market and trading will be much easier for you!
I have mentioned that level when we got a lot of wicks rejection, psychological level for a lot of retails and institutional traders. It is not a trend change for me but interesting area to create some pullback to 138.50-138.30 and to make some decisions. So let's see how this will play out!
According to my post about GU today I looking for large pullback so according to correlation on the markets - GJ should also crate a deeper pullback before continuation to the upside...? Have a look on daily timeframe. How many wicks do you see? Is it a signal for you to start short?
Me personally more YES than NO! Golden rule for everybody - just remember the nature of the market and trading will be much easier for you!
I have mentioned that level when we got a lot of wicks rejection, psychological level for a lot of retails and institutional traders. It is not a trend change for me but interesting area to create some pullback to 138.50-138.30 and to make some decisions. So let's see how this will play out!
