UFTBUSD Price Action Range| Bullish OB| Low Volume| Trend
Evening Traders,
Today’s analysis – UFTBUSD – trading within a defined range where a break of range high will lead to a continuation,
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Objective
- Oscillators extended ‘
- Low volume
UFTBUSD’s immediate price action is impulsive, trading towards a key trade location that is in technical confluence with the Bullish OB and the Range Low – allowing for a bullish bias.
The Range High is current objective, exceeding this level increases the probability of a strong expansion.
The current volume profile is below average, an influx is highly probable when testing a true trade location, follow through must back up the expansion.
Overall, in my opinion, UFTBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.”
― Jaymin Shah
Today’s analysis – UFTBUSD – trading within a defined range where a break of range high will lead to a continuation,
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Objective
- Oscillators extended ‘
- Low volume
UFTBUSD’s immediate price action is impulsive, trading towards a key trade location that is in technical confluence with the Bullish OB and the Range Low – allowing for a bullish bias.
The Range High is current objective, exceeding this level increases the probability of a strong expansion.
The current volume profile is below average, an influx is highly probable when testing a true trade location, follow through must back up the expansion.
Overall, in my opinion, UFTBUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.”
― Jaymin Shah