GNFC- high possibility of Reversal
Updated
GNFC
With the last two three candles formation on daily chart (circled yellow) a bullish Harami seen on 15th followed by dragonfly Doji on 16, shows it is bottoming out. Also looking at last rally of Feb, price has retraced to level 50% fab level. This shows possibility of Reversal of prices. Initial target of 310 followed by 330.
Not for any trade advice, Just observation of price action
With the last two three candles formation on daily chart (circled yellow) a bullish Harami seen on 15th followed by dragonfly Doji on 16, shows it is bottoming out. Also looking at last rally of Feb, price has retraced to level 50% fab level. This shows possibility of Reversal of prices. Initial target of 310 followed by 330.
Not for any trade advice, Just observation of price action
Trade active
Resistance at around 305Trade active
T1-330Trailing stoploss 307
Trade closed: stop reached
Hit the trailing stop lossNote
Realized 5.8% gain, unrealized was 9.3....Trade closed: stop reached
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