NOTE: For the greatest accuracy, at the beginning of each month I will make a parallel analysis between the charts of 1 week and 1 month!
As I said on January 24 ... the month closes above the trend line then a new world opens for GJ and probably the new course will be played between 148-163!!!
Even if the trend is upward and I think that in the next period GJ will reach the trend line formed in the last 12 years, I expect a retracement move up to the 148,500 area because it is over bought from there ... UP AGAIN to 156,100!
However ... a closure even for a day over 151,500 opens the way to 156 without such a large withdrawal movement!
THIS WEEK...as I said last week GJ closed over 151,500 and now continues on its way to 153,900 from where I will reanalyze the whole situation!
Anyway ... I expect a rejection either from the 153,900 level or from the 152,780 level of at least 500-700 pips because GJ is over bought!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
As I said on January 24 ... the month closes above the trend line then a new world opens for GJ and probably the new course will be played between 148-163!!!
Even if the trend is upward and I think that in the next period GJ will reach the trend line formed in the last 12 years, I expect a retracement move up to the 148,500 area because it is over bought from there ... UP AGAIN to 156,100!
However ... a closure even for a day over 151,500 opens the way to 156 without such a large withdrawal movement!
THIS WEEK...as I said last week GJ closed over 151,500 and now continues on its way to 153,900 from where I will reanalyze the whole situation!
Anyway ... I expect a rejection either from the 153,900 level or from the 152,780 level of at least 500-700 pips because GJ is over bought!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.