Update - Still planning ahead for a longer term trade
Breakout and re-test in progress
I am not expecting price to succeed at this first attempt even though the PA looks promising right now.
This since the monthly chart indicates a possibillity of a deeper pullback. But I will monitor it and be ready jump in just in case it does.
Price also need to clear the demand zone structure from which it just recently bounced - in order for this trade to trigger a longer term sell trade.
The good alternative scenario while one waits for these levels to be cleared is to play the range - so stay flexible
May the pip-gods be with you
// RolandV.
Goprotraders.com
I am not expecting price to succeed at this first attempt even though the PA looks promising right now.
This since the monthly chart indicates a possibillity of a deeper pullback. But I will monitor it and be ready jump in just in case it does.
Price also need to clear the demand zone structure from which it just recently bounced - in order for this trade to trigger a longer term sell trade.
The good alternative scenario while one waits for these levels to be cleared is to play the range - so stay flexible
May the pip-gods be with you
// RolandV.
Goprotraders.com
