Potential GJ Sell Idea
Looking for potential sells this week on GJ, particularly if GDP comes out hawkish:
Monthly:
-Last monthly candle left a massive wick to the downside that will need to be partially filled
-Current monthly candle seems to be rejecting higher prices right now, we could see that change as the month goes on
4 Hour:
-Price is creating bearish MS, i.e, LHs & LLs, with lows being broken
Hourly:
-Looking for a corrective pullback to on the hourly TF, hence the pending order if the idea plays out, hugh possibility might push up to take out some old Daily HIghs
-If lows are taking out on the 4H & 1H TF, that will serve as confluence for my bearish bias
Monthly:
-Last monthly candle left a massive wick to the downside that will need to be partially filled
-Current monthly candle seems to be rejecting higher prices right now, we could see that change as the month goes on
4 Hour:
-Price is creating bearish MS, i.e, LHs & LLs, with lows being broken
Hourly:
-Looking for a corrective pullback to on the hourly TF, hence the pending order if the idea plays out, hugh possibility might push up to take out some old Daily HIghs
-If lows are taking out on the 4H & 1H TF, that will serve as confluence for my bearish bias
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