GJ 26.09.17 Risky Short Taken

This is a risky one but I’ve decided to take a short position on GJ. We have seen new highs made and a failed break of our weekly mid-range. We have pushed back towards 1.50 monthly support level where we have seen price respect this level making a small PB, this morning we saw price form a bearish reversal pattern signaling we could see price now break this level. Tight stop on this one due to being above a key level of support but i do feel we will get some further downside movement.

Entry : 150.301

SL : 150.972

TP : 148.521

 

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