Cj trade idea... waiting to see how price action reacts to the broken support
Congrats to those that took the trade with me!
From my last GN analysis, GN respected the resistance zone around 2.02879 but broke through earlier this week because of news. However, now it is respecting the zone at 2.03961. I will be looking to short to the broken resistance area at 2.03046.
Analysis was made from the 4hr then brought down to the 1hr. Price did also fail to make a higher high past the resistance, therefore making a double top. Will wait for further price action. -This is my first analysis also