We currently have GJ on a downtrend on the 4H and its in its retracement phase.
Going into the 1H, we can see price created a high then a failed higher low because price failed to create the higher high followed by an Uber impulsive move down that broke structure. after that strong move down that signals potential bearish continuation, price correctively started climbing back up and has now again printed 2 impulsive down candles that broke the 1h correction.
I expect to see price either keep pushing down from where it currently is or to correctively make its way up to fill the imbalance at 153.987 before heading down with possible targets at 152.142
Going into the 1H, we can see price created a high then a failed higher low because price failed to create the higher high followed by an Uber impulsive move down that broke structure. after that strong move down that signals potential bearish continuation, price correctively started climbing back up and has now again printed 2 impulsive down candles that broke the 1h correction.
I expect to see price either keep pushing down from where it currently is or to correctively make its way up to fill the imbalance at 153.987 before heading down with possible targets at 152.142