Good morning Traders,
price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.
In my view of price action, I see further upside because we still have some buying power within the markets, until we have a real sell off and push away, I have highlighted areas of interest but we just may continue in this corrective range.
nonetheless I will be waiting for price action to confirm.
let me know your thoughts.
price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.
In my view of price action, I see further upside because we still have some buying power within the markets, until we have a real sell off and push away, I have highlighted areas of interest but we just may continue in this corrective range.
nonetheless I will be waiting for price action to confirm.
let me know your thoughts.
Comment:
Perhaps, worth mentioning at the moment for me I do not see any clear tradeble price action, as I see we are coming into a significant level (1.1490 level) I want to see how price action reacts to this area, before I look for any trades, if we one does present itself I will certainly share.
Comment:
Price action has pushed up very well signalling that we have a high probability of continuing to the upside.
I will continue to monitor price action, 1.1519 area is my area of interest if we get a retrace back to this area I will look to set a long entry.
I will continue to monitor price action, 1.1519 area is my area of interest if we get a retrace back to this area I will look to set a long entry.