GJ 02.10.17 Short Taken

From my weekly breakdown, you can see I am expecting the price to revisit 150 and potentially break this level as we are due a PB. What I have seen for me to take this setup was a CTL break, we have seen price push back above TL on Friday but we managed to then close back below with a shooting star candle confirming the break. Sunday we saw a small gap down then price made its way back to test CTL break as resistance.

We saw price stall around CTL resistance. My entry was taken of the highlighted area as I saw a reversal formation signaling we will see some downside momentum

Entry: 150.790

SL: 151.1

TP: 150.020


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