As we have covered in the previous post the bias for GJ over the next couple of days is bullish, During the NY session Price pulled back to test previous Asia resistance/ 30m structure, with a rejection and decent bullish volume we have an entry with a risk to reward of 1-3. Entry taken on 5m time frame largely visible double bottom at previous Asia resistance.
GJ has held a price range between (168.78 being the upper limit and 159.5 being the lower limit) for roughly 110 days. We have seen out first break out of that to the downside was met by enough bulls to push it back up into nearly the middle of the previous range, with these bears answered I look for the bulls to continue up towards the top of that range to test...
