


SonOfGod2003
Looking at the trend price has maintained bullish structure and we're only seeing to test previous broken structures. Let's see...
Market is overbought, imbalance created. I'm looking for the market to drop(sell) to that demand area on the 4Hr timeframe.
After a lengthy buying period the pair is now overbought which creates an imbalance, majority of the buyers will liquidate, thus selling pressure and sellers will step in.
Needless to say with the current analysis on 'GJ' the market is looking rather bullish for now; seeing that the overall trend is up and it pulled back on the 4 HR timeframe to test the trendline there, which now acts as an area of value to get in. I expect some long-term movement to the upside.