Selling GJ to previous OBs
Hello Traders!
IMO, GJ is ready for a sell. Multiple Dojis printed on the daily is indicating to me that buyers are losing momentum, and on the lower TFs you can see price is failing to swing higher.
With price hitting a previous 4HR OB at 187.400 multiple times, I am looking for this OB to become a breaker OB. My plan is to swing this trade to previous OBs around 186.500-186.000, and 185.500 (Daily). Price doesn't always hit OBs, but will come close to them so being mindful about that.
Entry: 187.800
TP 1: 186.500
TP 2: 186.000
SL: 188.550 (will move this once GJ breaks the OB)
~1:3RR
Thanks for reading, and Good Luck!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
IMO, GJ is ready for a sell. Multiple Dojis printed on the daily is indicating to me that buyers are losing momentum, and on the lower TFs you can see price is failing to swing higher.
With price hitting a previous 4HR OB at 187.400 multiple times, I am looking for this OB to become a breaker OB. My plan is to swing this trade to previous OBs around 186.500-186.000, and 185.500 (Daily). Price doesn't always hit OBs, but will come close to them so being mindful about that.
Entry: 187.800
TP 1: 186.500
TP 2: 186.000
SL: 188.550 (will move this once GJ breaks the OB)
~1:3RR
Thanks for reading, and Good Luck!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Kommentera:
SL Hit. On to the next!