I'm currently holding a long bias on GJ, due to a daily and 4h uptrend. Price looks to be starting to consolidate well around previous key levels, but I'm not convinced just yet. More evidence around this key level is required before I'll took to take a position.
My Strategies allow for either multiple confirmation (Wick rejection) or the creation of a continuation pattern (Channel/Wedge) from this key level.
The important thing is to remain patient and await for the market to agree with the points in your trading plan.
My Strategies allow for either multiple confirmation (Wick rejection) or the creation of a continuation pattern (Channel/Wedge) from this key level.
The important thing is to remain patient and await for the market to agree with the points in your trading plan.