LONG IDEA
GJ has been bearish as well for the past week as you can see price was making LH and LL
Price had a shift in structure as we can see how it shifted from a bearish market to a bullish market like i have it shown with the blue path tool once price broke out of the descending TL and failed to break below the daily purple structure zone which is a strong key level area and started making HH and HL on the H1 that is where the market shifted into a bullish market.
Now we just wait and see what price wants to do and if price can break above 189.258 which looking left is a H1 structure we shall wait for a retest to make a HL prints a bullish candle which would be our confirmation to go long
Price had a shift in structure as we can see how it shifted from a bearish market to a bullish market like i have it shown with the blue path tool once price broke out of the descending TL and failed to break below the daily purple structure zone which is a strong key level area and started making HH and HL on the H1 that is where the market shifted into a bullish market.
Now we just wait and see what price wants to do and if price can break above 189.258 which looking left is a H1 structure we shall wait for a retest to make a HL prints a bullish candle which would be our confirmation to go long
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