GJ Journal 12-8-18
So, I did not update these journals since about 2 days ago so movement was missed, but what I saw with this sell was that if you go back to the most recent journal before this you could see we were in a very good buyer zone, and as expected GJ did shoot up and my projections of where we could drop again were where I have the yellow zone now. The reason the yellow zone is there is because if you look left that is a well respected Price Reversal Zone, so as history repeats itself this is what I saw and the reason that I had that zone there and not higher up towards those other highs was mainly because of my fib retracement tool... Price stopped and started to show exhaustion at the 78.6% Level which also has many wick to the upside and after watching GJ for a little bit, wicks in one direction is typically an indication that price could move away from those wicks. And to end it, TP1 was hit at around 50 pips, once that's hit SL should be into profit and now I see this completing the fib extension where I have my green box ending, so we will wait for price to either hit TP or Stop Profit...
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