GJ- Short Term Sell, Long term Buy !
Well GJ overall on a higher time frame is on an uptrend. Bulls are in control of this pair and we are just witnessing the push and exhaustion phases.
Daily: Ranged for almost a month October 14 then broke out earlier this week with a strong 180 pip daily bull candle
4 Hour: Currently has been trading in an Ascending Channel forming HHs and HLs. Right now we are in a good sell area, as we see it has recently just made a HH and we can look for the bulls to take a breath and allow the exhaustion phase to come. Other confirmations are that price is stalling and running out of speed right out the weekly resistance zone. Price has strong reactions around this area it could be a good sell area.
1 Hour: Price as made it up to the Weekly Resistance Zone, the top of the ascending channel and wicks are starting to fly to the high side.
15 Minute: Then just watching the flow in 15 minute and how it stalls in smaller time frames. I threw some moving average indication just so I can tell the true movement of the price.
9- Red (Gives me a good insight if we are trending down
21-Blue(Gives me a good insight if we are on an uptrend)
50-Yellow (Gives me a nice smoother flow of the price)
We recently just had a breakout of the smaller trend line that GJ was having a harder time to break. We could have a pull back and a retest to that trend line as it is roughly about 3:52am, and we just had the break. Or we can see the market run down to that 61.8% fib level, which I do have a buy limit in that area. I have a few confirmations already.
Does anyone use the Market Maker Strategy ? Do you see it in the charts ?
Daily: Ranged for almost a month October 14 then broke out earlier this week with a strong 180 pip daily bull candle
4 Hour: Currently has been trading in an Ascending Channel forming HHs and HLs. Right now we are in a good sell area, as we see it has recently just made a HH and we can look for the bulls to take a breath and allow the exhaustion phase to come. Other confirmations are that price is stalling and running out of speed right out the weekly resistance zone. Price has strong reactions around this area it could be a good sell area.
1 Hour: Price as made it up to the Weekly Resistance Zone, the top of the ascending channel and wicks are starting to fly to the high side.
15 Minute: Then just watching the flow in 15 minute and how it stalls in smaller time frames. I threw some moving average indication just so I can tell the true movement of the price.
9- Red (Gives me a good insight if we are trending down
21-Blue(Gives me a good insight if we are on an uptrend)
50-Yellow (Gives me a nice smoother flow of the price)
We recently just had a breakout of the smaller trend line that GJ was having a harder time to break. We could have a pull back and a retest to that trend line as it is roughly about 3:52am, and we just had the break. Or we can see the market run down to that 61.8% fib level, which I do have a buy limit in that area. I have a few confirmations already.
Does anyone use the Market Maker Strategy ? Do you see it in the charts ?
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