Happy Sunday to you all!
*READ ENTIRE ANALYSIS*
Price is creating more higher highs, higher lows, and looks to be about to reach the resistance line just above the 78% on the Fibonacci Retracement (Blue Line) which is around the price of 142.825. What I see CAN POSSIBLY happen is price creating a bearish 3 drive strike pattern *Red cirlces* once it reaches the resistance line which is why I have the long dark red path line from resistance all the way to the 0% on the Fibonacci Retracement. I've put my predictions on the chart for if price was to go up or down from where it is now, and right now i'm leaning more towards the bulls, based off what i'm seeing at the moment, and also what price has done in the past. The green circles indicate where I personally will be looking to execute on GJ if obviously the market plays out how I see it playing out. Goodluck with this pair if you are trading it this week!
Leave a comment below if your trading GJ this week, and leave a like if you agree with my weekly analysis
*READ ENTIRE ANALYSIS*
Price is creating more higher highs, higher lows, and looks to be about to reach the resistance line just above the 78% on the Fibonacci Retracement (Blue Line) which is around the price of 142.825. What I see CAN POSSIBLY happen is price creating a bearish 3 drive strike pattern *Red cirlces* once it reaches the resistance line which is why I have the long dark red path line from resistance all the way to the 0% on the Fibonacci Retracement. I've put my predictions on the chart for if price was to go up or down from where it is now, and right now i'm leaning more towards the bulls, based off what i'm seeing at the moment, and also what price has done in the past. The green circles indicate where I personally will be looking to execute on GJ if obviously the market plays out how I see it playing out. Goodluck with this pair if you are trading it this week!
Leave a comment below if your trading GJ this week, and leave a like if you agree with my weekly analysis
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.
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.