GXY has broken through the upper channel on high volume.

This morning Galaxy has broken through the upper limit of the recent channel, on strong volume.

If the 4hr candle closes strong, it will also be a bullish engulfing pattern.

I will be looking for a small retracement if this happens, where I will open a long position. TP around the $1.5 mark, SL $1.225.

Lets see how if plays out.

Welcome your comments, thanks!

Note

Added the longer term up trend channel.

Note

GXY has broken through the short term resistance. Now to wait for a pullback and test of the new support before entering long.

Transaction en cours

Pull back on Galaxy this morning, validating the previous analysis.

Good for a long position now, lets see how it goes.

Note

Price action is strong on Galaxy, with a small pullback with low volume.

Now looking for the price to break the $1.410 mark, after which, it should then reach our profit level. A consolidation here will mean its time to get out, let's see what happens.

Trade fermée manuellement

Closed out for a profit. Will look at GXY again after the US election.

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