GJ is still generally bearish, 2 scenarios below

8월 11일

Although it's generally still bearish, but sometimes GJ surprises us with a move against any bias, so we always need to have 2 scenarios in mind, the explanation is inside the picture itself.

The highest probability will be for a sell but I keep the buy in mind as well.

Here are the trade execution rules:

1. Do not take a trade inside the zone.

2. Wait for the 30m candle to actually close above or below the zone (with a wick) before executing.

3. Trade can be executed on the 15 minutes afterwards

4. Do not trade outside volume-hours, volume hours are 1 hour before London open till 1 hour after it opens, one hour before NY open and one hour after NY open.

Regards, Marwan