Hi Traders!
The market is in an uptrend.
As you can see the Resistance 1.10000 was a psychological important level for many traders.
From there the market often turned back.
But just a few candles ago the market broke out of this level.
Of course there was a big fight between Bulls and Bears, but the Bulls finally won.
At this moment the market is moving in a Parallel Channel and it is at the Top.
The Stochastic is also overbought.
Because of these two confirmations we are waiting for a Pullback and Retest of the 1.10000 Level.
But there are many values wich give also Support to the market. They are:
Thanks and successful Trading :)!
The market is in an uptrend.
As you can see the Resistance 1.10000 was a psychological important level for many traders.
From there the market often turned back.
But just a few candles ago the market broke out of this level.
Of course there was a big fight between Bulls and Bears, but the Bulls finally won.
At this moment the market is moving in a Parallel Channel and it is at the Top.
The Stochastic is also overbought.
Because of these two confirmations we are waiting for a Pullback and Retest of the 1.10000 Level.
But there are many values wich give also Support to the market. They are:
- The Channel
- the 20MA
- the 50MA
- the strong bullish Price Action and
- the trend.
Thanks and successful Trading :)!
Comment:
You we're waiting for this, right? ;)