There was no follow-through selling after the red bearish bar.
Those who shorted will be trapped if price continues to go up higher this coming week - 17 Jun 2013
Stop will be at swing low.
It is forming a higher low, suggesting that there is underlying buying and the bears are not strong enough to take down prices anymore.
For more trading views, please visit: www.fxblackboard.com
Those who shorted will be trapped if price continues to go up higher this coming week - 17 Jun 2013
Stop will be at swing low.
It is forming a higher low, suggesting that there is underlying buying and the bears are not strong enough to take down prices anymore.
For more trading views, please visit: www.fxblackboard.com