Prices has been moving down since end of last week and has reached our green zone which we expect price might first initially test the top of the green zone (46.40) before reversing down to retest bottom of the green zone for a good teaser before showing its final intent.
We view this as a healthy retracement, thereafter we might see prices to break above the 46.60 to reinstate its long position.
Current trading strategy - Trading in the Green Zone.
Trade Safe.
We view this as a healthy retracement, thereafter we might see prices to break above the 46.60 to reinstate its long position.
Current trading strategy - Trading in the Green Zone.
Trade Safe.
Trade closed: target reached