Blimey, just spotted another GJ thread on interactive! Getting a bit crowded around here! Never mind, we'll still offer some good, sound analysis on this one, or at least do our best to.
That was a bounce off of my H1 100sma @ 422. Still trapped, and I'm no clearer as to which way this is going to break, and any attempt to try will just be a guess, so I won't.
The 10m 200ema is cuttting right through the middle of the price range, but the 30m is down there as support, so , if the 'trade away from the 200ema' has any truth, then it should be safer to go north, but there is a lot of R just above, so I reckon the best bet is to buy the dips and move to BE as soon as it's safe. Don't quote me on it though!
That was a bounce off of my H1 100sma @ 422. Still trapped, and I'm no clearer as to which way this is going to break, and any attempt to try will just be a guess, so I won't.
The 10m 200ema is cuttting right through the middle of the price range, but the 30m is down there as support, so , if the 'trade away from the 200ema' has any truth, then it should be safer to go north, but there is a lot of R just above, so I reckon the best bet is to buy the dips and move to BE as soon as it's safe. Don't quote me on it though!