The Dragon is SOARING

2 Jun 2020

A quick update on GJ from my last post. My 1HR analysis wasn't 100% spot on but.....it was pretty close. The market closed below the 1HR demand zone I had drawn just to come down and reject off another demand zone at 131.800. (Check last post to see what I'm referring to). On the 4HR time frame however, the market came down retested that 4HR (orange) ascending trend line, followed by printing an inverted hammer on the 4HR time frame all while closing above the EMA which is now acting as support. It also rejected off the 4HR demand zone I had drawn at 132.000 while printing a double bottom right on top of it and finally closing back above it. Entry was at 132.428. Currently up 334 pips and counting. The market is approaching the 136.000 level. We'll have to tune in and watch how it reacts to that level as resistance. But until I see the market print anything that tells me that it's going to drop, WE ARE GOING LONG BOYSSSSS.

*INSERTS CORNY YOUTUBE PHRASE "LIKE, COMMENT, SUBSCRIBE'*