I have drawn out my PRZ from the 101.70 - 102.00 handle, which has shown to be resistance and support for this market recently.
Price shot through this PRZ from today's open, and is now currently retracing back to the 102.00 support.
I believe if price is unable to close below the PRZ, then it has strong intention to head higher up, to the 104.00 area.
Stop loss placed just below the PRZ because if price violates that, I do not want to be in the trade.
Price shot through this PRZ from today's open, and is now currently retracing back to the 102.00 support.
I believe if price is unable to close below the PRZ, then it has strong intention to head higher up, to the 104.00 area.
Stop loss placed just below the PRZ because if price violates that, I do not want to be in the trade.
Trade active
Trade closed: stop reached