We are very overextended on the higher timeframe, and I am looking for a relief of that previous upward move. I was closely watching at those wicks this morning, but it was too aggressive for me because we could have easily break up and continue the bullish trend.
However, I waited and the market went lower, confirming the importance of that level, and gave a 2618 on the lower timeframe. The targets are based on the higher timeframe analysis.
However, I waited and the market went lower, confirming the importance of that level, and gave a 2618 on the lower timeframe. The targets are based on the higher timeframe analysis.
Trade active
Trade closed: stop reached
