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GXY has broken through the upper channel on high volume.

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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!
Nota
snapshot

Added the longer term up trend channel.
Nota
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GXY has broken through the short term resistance. Now to wait for a pullback and test of the new support before entering long.
Trade ativo
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Pull back on Galaxy this morning, validating the previous analysis.

Good for a long position now, lets see how it goes.
Nota
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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 fechado manualmente
snapshot

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

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