What's good Traders, This week I'm monitoring GJ for a high probability sell trade opportunity around $160.939 - reasons are
1. This new resistance level that I found has a total of 28 bullish candle wicks touching it, which I believe has the power + ability within itself to push the price down 254.5 pips from my entry price and eventually
hit my take profit - since this resistance level has more bullish candle wicks touching it than the previous resistance level just above it, that was able to push the price down 300.5 pips from it in 1 day - giving this resistance level an edge to sell and overall making it more effective and influential to do what I believe it could potentially do (JUST MY OPINION AND PREDICTION)
(BETTER VIEW OF THE CHART)
(MY POSITION ON THIS SELL TRADE)
My entry price is $160.939
The price of my stop loss is $161.459
The price of my take profit is $158.383
- Risk management APPLIED
Bk Buomkuoth Nhial Reath
1. This new resistance level that I found has a total of 28 bullish candle wicks touching it, which I believe has the power + ability within itself to push the price down 254.5 pips from my entry price and eventually
hit my take profit - since this resistance level has more bullish candle wicks touching it than the previous resistance level just above it, that was able to push the price down 300.5 pips from it in 1 day - giving this resistance level an edge to sell and overall making it more effective and influential to do what I believe it could potentially do (JUST MY OPINION AND PREDICTION)
(BETTER VIEW OF THE CHART)
(MY POSITION ON THIS SELL TRADE)
My entry price is $160.939
The price of my stop loss is $161.459
The price of my take profit is $158.383
- Risk management APPLIED
Bk Buomkuoth Nhial Reath
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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.