Monday, April 13, 2009

GJ chart


Attached is a chart of GJ in 15M...It is a current one. Here you can see that whenever price comes down and gets near 147.8 or so, there has been high volume which shows that buyers are getting in and trying to accumulate. We can also see a beautiful pin bar at the bottom of the swing. You wait for the pin bar to break on the upside and then u go long and thus you would have made 30 pips by now. This is how you watch price action. Strong resistance at 148.44. Only a matter of time before it breaks.

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