GJ is still Bullish heading to next TP
Hi Traders!
Last week, GJ had a rejection at 186.000 then retracing to 184.500 creating a higher low. After the HL was created, GJ kept rejecting my 1HR OB, therefore, I needed more confirmation to enter a buy again.
GJ then made bullish momentum to the upside closing above the 1HR OB, consolidating with rejections off the OB. That gave me confirmation GJ was getting ready to take off again. I'm staying mindful as more news for GBP will be coming out tomorrow morning, and we've stopped at 187.000 before.
Entry: 185.900
TP: 187.000
SL: 185.650
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Last week, GJ had a rejection at 186.000 then retracing to 184.500 creating a higher low. After the HL was created, GJ kept rejecting my 1HR OB, therefore, I needed more confirmation to enter a buy again.
GJ then made bullish momentum to the upside closing above the 1HR OB, consolidating with rejections off the OB. That gave me confirmation GJ was getting ready to take off again. I'm staying mindful as more news for GBP will be coming out tomorrow morning, and we've stopped at 187.000 before.
Entry: 185.900
TP: 187.000
SL: 185.650
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Comment:
Closed this trade. Doesn't look like a good set up to me anymore. Until next time🫡