DislikedBased on the Daily GJ chart, PA is heading to UTL 143.00 zone.(38.2%)
China market will be on holiday for the whole week..
After the market closed, GJ brokeout the 141.00 zone..
Also, the weekly UTL is also 143.00 zone.
Trade your charts
200 pips target from 141.00 to 143.00 zone
Ignored
Hi rgitt05,
Very Helpful analysis.
and I want to share what I see with you.
attached are daily & weekly charts.
on the daily chart I see the price bounced off the daily TL @141.88 and closed below 50% fibo level. this view provides caution with trading because I see it as a signal for downward. but last 6 days show Hi lows. result is Caution.
on the weekly chart.
I see that if the price rally towards 143. it will breaks the weekly upper trend line (Red Line) which will gives breakout signals to the upside and the the price will advance to the weekly broken trend line to retest (Yellow Line) @144.5
This is my view and I need your comments on it.
Thanks in advance.
Regards.