$GRAM held a tight bottom structure around 1.300 before pushing up aggressively toward 1.500, but now it is pulling back slightly to test the recent breakout level. The expansion off the lows was clean, but how it handles this immediate retest will tell us if buyers actually have control.
The push out of the 1.300 base looks promising, but entering up near 1.475 after the first leg up isn't ideal. Watching to see if 1.440 holds firmly as support on this dip will determine whether this turn has genuine continuation toward 1.800 or if it simply devolves back into range chop.
Entry (Retest): 1.440
Stop Loss: 1.280 (Below local lows)
TP1: 1.800 (Major resistance zone bottom)
TP2: 2.000 (Psychological level / upper target)
The push out of the 1.300 base looks promising, but entering up near 1.475 after the first leg up isn't ideal. Watching to see if 1.440 holds firmly as support on this dip will determine whether this turn has genuine continuation toward 1.800 or if it simply devolves back into range chop.
Entry (Retest): 1.440
Stop Loss: 1.280 (Below local lows)
TP1: 1.800 (Major resistance zone bottom)
TP2: 2.000 (Psychological level / upper target)
