GN has been in a bearish channel for several weeks now, after exiting its bullish channel.
Price is currently at channel resistance, given the right Price action a tight stop can be used here to short with targets of 2.24
Given the channel resistance holds, I will watch how price reacts around my 2.24 target. As my overall target for this pair is monthly support @ 2.1. This could present a nice opportunity to short and hold given that the channel isn't broken.
Price is currently at channel resistance, given the right Price action a tight stop can be used here to short with targets of 2.24
Given the channel resistance holds, I will watch how price reacts around my 2.24 target. As my overall target for this pair is monthly support @ 2.1. This could present a nice opportunity to short and hold given that the channel isn't broken.