$GAL $GAL.AX
Updated
This is how i would play GAL.
So much to explain could do with a video. But anyway il try explain.
Identified three ranges. R1 R2 and R3.. H=High, L=Low and Mid = Mid range.
Price rejected R2 High and is currently consolidating between R2 H and R2 Low...
Plan A looking for entry on retest of R3 H or deep to R3 Low. This level has not been retested yet. Will look for entry on 15 or 5 minute tf using the EMA cross and some sort of falling resistance break.
T1 = 1.255
T2 = 1.330
If it trades below the MID range and holds im not interested and will have to re-evaluate.
So much to explain could do with a video. But anyway il try explain.
Identified three ranges. R1 R2 and R3.. H=High, L=Low and Mid = Mid range.
Price rejected R2 High and is currently consolidating between R2 H and R2 Low...
Plan A looking for entry on retest of R3 H or deep to R3 Low. This level has not been retested yet. Will look for entry on 15 or 5 minute tf using the EMA cross and some sort of falling resistance break.
T1 = 1.255
T2 = 1.330
If it trades below the MID range and holds im not interested and will have to re-evaluate.
Trade active
No Trigger, Below Mid Range, No Interest.. I want to see an accumulation pattern below MID range and a reclaim otherwise. Let it burn
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