Price has been in a range for couple weeks, just retraced to 61.8 bullish retracement headed to the top of the range. This is a low risk trade with make buying major coming in to the top of the range, I’ll take two positions and close one at the top of range and wait to see if price breaks above the range finally send position tp will be at 61.8 of bearish retracement of the last impulse. Will update trend line. The range is below 38.2 which is the resistance. If price fails with daily close may consider another short.
On another note Iran’s president passed and the reaction to price was minimal.
On another note Iran’s president passed and the reaction to price was minimal.