The valley is a key point that I expect GJ to return to if it goes up, indicated by the horizontal ray. The SL is rather safe. The issue is that the price will not necessarily remain in the stop loss range if it goes down. There is a lot of volatility. I have attempted to accommodate for this by making this a "pending" trade; the entry point has not yet been reached.
I believe that the horizontal line below the stop loss will be a potential long position in the future. Should GJ go in the opposite direction I expect it to bounce or break out (could be false as seen by the ^ shape that goes outside the green rectangle I drew). I will probably wait for the direction to be established then before I enter, stay tuned though.
(idea 6 i think)
I believe that the horizontal line below the stop loss will be a potential long position in the future. Should GJ go in the opposite direction I expect it to bounce or break out (could be false as seen by the ^ shape that goes outside the green rectangle I drew). I will probably wait for the direction to be established then before I enter, stay tuned though.
(idea 6 i think)