GRT still looking bullish - Moon pending?
GRT broke below our initial stoploss. If you followed the updates posted on the trade you would've seen that we did NOT in fact EXIT the trade at the SL and WE ARE STILL IN LONG. I've adjusted the SL since this and will update further.
The breakdown was weak and the 11c level has been tested three times since. We broke the downward trend line and have since confirmed it and looking to break the 11c mark. Once we do this we can look to be bullish for higher targets.
The breakdown was weak and the 11c level has been tested three times since. We broke the downward trend line and have since confirmed it and looking to break the 11c mark. Once we do this we can look to be bullish for higher targets.
Comment:
Although the trade failed. It is key to look at the levels that were drawn up. For example, the 9c level was broken and then backtested as resistance before fresh lows. TA!!
We will monitor the chart as on the larger tf there is still some hope. But for now we are out of the trade