GJ Thesis
GJ on the weekly TF seems to be trapped in an area of consolidation between 140.60/144.40 weekly order blocks. Last week candle close above 142.76 Order block & moving average as a bullish engulfing candle signalling bullish momentum.
Market structure on the daily is bullish with GJ currently trading above 142.76 daily order block. If this level holds then we could see price reach 144.40 daily order block.
On lower TF I am now expecting price to retrace into 142.76 30 minute order block for a more precise entry point up to intended target level for the best risk to reward entry.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.