GJ Drops After Pullback
As you see in the 4H time frame, price failed to make a higher high and created a bearish reversal double top pattern and was pushed sharply to the downside.
Currently, price is facing bearish pressure but has approached to the yellow support level at 166.300 and got rejected from it.
We might see a pullback around the red resistance zone and if there was any downside push at that area, we can expect a continuation on drop on GJ to the green level at 165.300
On the other hand, price might not have any pullback and breaks the yellow support to the downside and drop straight towards the target.
What is your view about GJ? Feel free to share your ideas in the comments.
Currently, price is facing bearish pressure but has approached to the yellow support level at 166.300 and got rejected from it.
We might see a pullback around the red resistance zone and if there was any downside push at that area, we can expect a continuation on drop on GJ to the green level at 165.300
On the other hand, price might not have any pullback and breaks the yellow support to the downside and drop straight towards the target.
What is your view about GJ? Feel free to share your ideas in the comments.
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