There is a 1-hour descending channel currently which makes it appear to be a good short opportunity at the moment. However I will wait for it to break the current uptrend on the 5 min. chart before I enter a short.
The higher time frame charts are indicating a possible long entry as well so if the channel is broken it could be a very good opportunity to go long on G/J now.
Wait for confirmation to trade.
For best case scenario:
1. Wait for a trend break either way
2. Wait for a kiss of the previous trendline and/or a close below the low of the breakout after a pullback.
The higher time frame charts are indicating a possible long entry as well so if the channel is broken it could be a very good opportunity to go long on G/J now.
Wait for confirmation to trade.
For best case scenario:
1. Wait for a trend break either way
2. Wait for a kiss of the previous trendline and/or a close below the low of the breakout after a pullback.