The price action right after EIA ( ramp higher after initial dip ) might be stop hunting only. RR is on my side ( tight stop above the zone + ready to short it again if market will look for more stops and reverse a bit higher ). Target 73,70 and 72,70
@Tara, Hi thank you. As I mentioned on the comment below first attempt was not what I expected :( Now based on 1hr chart we had 1 to 1 from the top so buyers at the dip , waiting for above 76,20. Will try to create new chart with full explanation. So please follow and you will be notified when ready, cheers
goodoboy
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Good analysis on price action. I was waiting for a short trade, but that recent spike took off.
LandofTrading
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@goodoboy, thx for comment, been stopped out and will watch it carefully again